The Candian province of Quebec is attempting to woo bitcoin miners by providing cheap energy. The region’s energy regulator, Régie de l’énergie, has set aside an additional 300 megawatts of electricity, specifically for cryptocurrency mining. This is on top of the existing 368-megawatt provision.
Following regulatory uncertainty over crypto mining in China, mass mining operations are in the process of eyeing alternative locations. And given Quebec’s abundance of cheap, green hydroelectric power, the region is setting out its stall in a bid to attract miners.