The world's largest manufacturer of mining equipment, Bitmain, is considering opening a mining center in the Canadian province of Quebec, CoinDesk reports.
Chinese giant of the mining industry has already begun negotiations with local energy departments. Representatives of Bitmain reported that the company has been engaged in the production of bitcoin and other crypto-currencies in North America since 2015, but did not specify the specific region.
Quebec is indeed an attractive region for the opening of mining farms for the production of bitcoin. The province has surpluses of inexpensive hydroelectric power, which local authorities are ready to offer technology companies. In addition, the cold climate contributes to the productive and reliable operation of ASIC-miners.
According to the director of business development of Hydro Quebec, "three or four" world's largest mining companies are considering Quebec as a new region for mining farms.