The CEO of Hut 8 Mining Corp. recently set up his company in the self-proclaimed 'dinosaur capital of the world' because its cheap electricity rates give him the biggest margins for his Bitcoin mining business. (Paul Karchut/CBC)The more computing power miners throw at the system, the better their chances of being rewarded with Bitcoin, said Clark. This bitcoin mining operation has over 4,500 computers running 24/7 in an undisclosed area in Quebec. Global Bitcoin miners have also taken note of Canada's abundant cheap electricity, as China looks to crack down on mining operations in the country. With more companies looking to get in on Bitcoin mining though, the power demands are expected to keep climbing.

Source: CBC News January 29, 2018 00:00 UTC