Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Commutation, is facing major potential penalties for operating unauthorized ability plants in the province of Alberta.

The Alberta Utilities Committee (AUC), the province's power utility regulator, issued on Sept. 24 another enforcement submission against Link Global, with enforcement staff recommending several penalties for violations of Alberta's legislative requirements.

According to a document shared with Cointelegraph, the AUC's enforcement staff recommended that Link Global should pay an economic disgorgement of virtually 2 million Canadian dollars ($1.6 million) for financial gains from unlawful electricity generation.

The regulator is seeking over 5 million CAD ($4 one thousand thousand) from Link Global's Bitcoin mining operations, based on the AUC's calculations of Link Global's declared gross economic benefit for ii plants. Additionally, the AUC is seeking an additional 81,000 CAD ($64,000) in two authoritative penalties.

According to the document, the AUC estimated Link Global's economic benefit based on the "more conservative generation charge per unit of 1.2 Bitcoins per day" and "the more conservative of 95,000 Th of computing ability versus x MW." The authority noted that Link Global's acquirement source is mainly based on hosting or selling electricity to third-party digital asset miners, "with a smaller proportion of revenue coming from self-mining activities."

"The enforcement staff report and recommendations are but role of the information that volition exist assessed and considered past the AUC tribunal panel of Commission members," a spokesperson for the AUC told Cointelegraph. Link Global has received an extension to October. 14, 2022, as the deadline for filing its response. "All of this information volition be considered at an oral hearing before a final ruling is issued. The date of this hearing has not yet been scheduled," the representative said.

Following the AUC'southward submission, Link Global CEO Stephen Jenkins subsequently issued a statement on Th, stating that the company has acknowledged wrongdoing and has been working hard to rectify mistakes:

"Our business works to respect the laws, the people and the environment, and nosotros believe that our submission to the AUC will make this credible. [...] I apologize to our shareholders who do not deserve this. Nosotros volition work tirelessly to ensure the outcome is positive."

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Link Global did not immediately respond to Cointelegraph'south request for comment.

If applied, the disgorgement would marking merely the second disgorgement penalty the AUC had ever levied later on approving a 56-million-CAD settlement for electricity ability generator TransAlta Corporation back in 2022.

As previously reported, the AUC initially asked Link Global to shut down operations in late August after local residents complained well-nigh noise from a nearby power plant.