Bitcoin Mining in Canada Is Thriving Despite Stringent Regulations

August 30, 2021

Bitcoin Magazine recently published an article on the regulatory outlook for crypto miners in Canada.

Given China's recent industry-wide crackdown, it would appear that Canada would stand to benefit from the "great hash rate migration" the sector has been witnessing.

However, there have been many vocal detractors in the press and online calling the country unviable as a result of high energy costs and regulatory hurdles.

In this article, Pow.re's CEO Mike Cohen offers an opposing view. Highlighting the efforts being made by government regulators to more clearly define procedures to obtain electricity contracts, as well as the jurisdictional benefits of operating in a country like Canada.

Read the full article at Bitcoin Magazine.