Chinese #bitcoin miners consider setting up in energy-rich Canada

The mounting pressure by Chinese authorities on the country’s cryptocurrency industry is forcing mining companies to look for alternatives, and Canada is one of the preferred hot spots. Bitmain Technologies, the operator of some of the largest mining farms in China, is among several companies looking to expand overseas. The company’s spokesman, Nishant Sharma, told Reuters that it is eyeing bitcoin mining sites in Canada’s Québec province, which currently enjoys an energy surplus. He added...

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