China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesperson told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich province an attractive alternative.
China has grown into one of the world’s biggest sources of cryptocurrency mining but there are signs Beijing is increasing scrutiny of the sector’s players and may ask local authorities to regulate their power use.
Bitmain Technologies, operator of some of the largest mining farms in the country, is among several companies looking to expand overseas.
Bitmain spokesperson Nishant Sharma said in an email on Friday that the company was looking at sites in Quebec and is in talks with regional power authorities in the province.
Read full story here: Chinese Bitcoin Miners Eye Sites In Quebec, Manitoba | CBC News
