Manitoba says tax on data centres, crypto miners will be used to lower utility rates

Manitoba plans to use money from a levy on AI data centres and cryptocurrency mining to lower utility rates for residential customers. The news: Last Thursday, provincial Finance Minister Adrien Sala said revenue from Manitoba’s tax on cryptocurrency mining and AI data centres would be used to lower Manitoba Hydro rates for residential ratepayers. The levy, passed into law last summer, includes 100 percent markups on electricity used by crypto operations and data centres over 5 megawatts.