Quebec Pushes Hydropower Utility to Halt New Bitcoin Mines

The Canadian province of Quebec has temporarily put a halt to the development of new cryptocurrency mining operations. The region – known for its cheap hydropower – has been an attractive destination for cryptocurrency miners looking to expand their businesses. Yet on Friday, Canadian newspaper Les Affaires reported that operators tied to utility firm Hydro-Quebec are turning down […]

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Quebec Lures Cryptocurrency Miners as China Sours on Industry

Quebec was fishing for tech giants but caught bitcoin miners. At least that’s how David Vincent, business development director at electric utility Hydro Quebec, describes the results of a campaign launched in 2016 to lure the likes of Facebook, Amazon and Microsoft to build their data centers in the Canadian province. The sales pitch was […]

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