Quebec blockchain miners may face electricity cuts from grid operators
Hydro-Quebec’s Electricity Supply Plan 2023-2032 report warns that the city’s electricity consumption could spike by an additional 25 TWh in the next 10 years.
Hydro-Quebec’s Electricity Supply Plan 2023-2032 report warns that the city’s electricity consumption could spike by an additional 25 TWh in the next 10 years.
The block reward miner has completed the purchase of two data centers in Quebec, Canada. This follows an earlier announcement this year that the firm purchased land in Texas.
The Quebec financial industry watchdog has brought fresh charges against the operators of PlexCoin, just months after the SEC forced it into a $7m payment.
HIVE Blockchain Technologies has acquired a digital currency mining facility based in Quebec, Canada for $2.8 million in stocks and cash from Cryptologic Corp.
In a win-win deal, Quebec will now offer guaranteed power and rates to crypto miners, so long as they have a business plan that benefits the province.
The Autorité des Marchés Financiers is looking for investors in the Laboratoire Blockchain Inc firm.
The moratorium was imposed in March on grounds that the industry “could absorb a large amount” of Quebec’s surplus energy, resulting in limited cryptocurrency mining activities in the Canadian province.