Cheap Energy Draws Bitcoin Miners To Canada

Bitcoin veterans are no stranger to conflicting news coming from China, but it seems that some miners are looking for alternatives, and Canadian energy companies are looking to step up to meet the demand.

Hydro-Quebec is in a unique position to court Bitcoin miners. As Canada’s largest utility provider, the company is offering techies special deals to move data-centers or mining operations into the Great White North.

The utility giant is offering electricity costs of $0.0248 per kWh to data centers, and $0.0394 per kWh to cryptocurrency miners, 50 to 75 percent cheaper than comparable North American alternatives. With these huge savings, Hydro-Quebec is reportedly scrambling to keep up with demand.

read more at oilprice.com

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