Tag: Quebec

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Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity

November 7, 2022

According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Québec report stresses that “growth in electricity demand is expected to continue in Québec. Hydro-Québec Targets Blockchain Industry in Order to Stave off Electricity Demand Cryptocurrency miners in…
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Report: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities

September 19, 2022

According to a report from Canada’s Local Journalism Initiative, members of the Mohawk Nation from Kahnawake are looking into using electricity from Hydro Quebec in order to power cryptocurrency mining operations. The Mohawk Council of Kahnawake (MCK) created a new organization to research crypto-mining opportunities that could be added to the council’s economic development portfolio. …
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Bear market uncertainty is the perfect time to build and learn, says Sato exec

August 27, 2022

Fanny Philip, COO of Sato Technology, doubled down on believing that bear markets should be considered a builder’s market for mining companies. The decisions made by companies during bear markets play a pivotal role in determining their longevity in the crypto ecosystem. Representing Canadian Bitcoin (BTC) mining firm Sato Technologies, COO Fanny Philip revealed what…
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Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months

August 17, 2022

“For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition,” says CEO Charles Émond. According to local news outlet LaPresse on Wednesday, the Caisse de dépôt et placement du Québec (CDPQ), an institutional investor chartered with managing retirement assets in Canada’s predominantly French-speaking…
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Chinese BTC miners equivalent to Quebec’s output on the move: Slush Pool

May 28, 2021

According to Edward Evenson, a Bitcoin miner from Slush Pool, Chinese BTC miners are on the move. Edward Evenson, head of business development at Slush Pool owner Braiins, reports that a large number of Chinese BTC mining machines equivalent to Quebec’s entire output are currently en route to North America and Europe. For those interested…
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Has Quebec Missed the Ship for Attracting Cryptocurrency Miners?

January 23, 2020

An uncertain regulatory climate has led cryptocurrency mining companies to seek opportunities elsewhere, rather than in Quebec. The results of a 300 megawatt (MW) energy allocation for cryptocurrency miners, run by Canadian provincial utility provider Hydro-Québec, has failed to attract expected demand from the local industry. A Request for Proposals (RFP) for power allocation was…
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