Canada — The Crypto mining Hub

The Great White North is becoming a favorite spot for big crypto miners

There is absolutely no doubt in my mind after living in the Great White North for 18 years that Canada is one of the best countries of the World to live in but we are not here today to discuss the morals of that debate but something else. The only challenge that even the most hard-core Canadians have to face is in the form of the extended winter season where temperatures plummet to extremely uncomfortable levels but seldom did I realize till now that even the only “downside” to living in Canada would become a huge positive… well at least as far as Crypto mining is concerned!

And that is exactly why Canada has become a destination of choice for so many Crypto mining companies — cheap electricity & cold temperatures to keep those facilities running smoothly.

Most cryptos especially have been criticized for being too energy-intensive to mine, especially Bitcoin. This problem has become a bigger issue ever since the price of the crypto kingpin has dropped almost 70% from an all-time high of $20K & continues to struggle. Relatively cheap & reliable electricity has become the number one priority for Bitcoin miners in recent times.