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 Mulls Higher Rates as Bitcoin Miners’ Demands Surge

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Rising demand for Montreal’s low-cost hydroelectric power among bitcoin miners could spur higher electricity rates. Hydro-Quebec revealed it may consider hiking the cost for bitcoin miners given a flood of pent-up demand in the region, which would thwart the plans of bitcoin miners […]

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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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