5000 MW to Spare – CEO of Hydro-QuéBec Wants to Attract Cryptocurrency Miners

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5000 MW to Spare – CEO of Hydro-QuéBec Wants to Attract Cryptocurrency Miners

January 10, 2018 News 0
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Just recently in an interview with Québec’s local publication, Le Journal, the CEO of the public utility company Hydro-Québec wants to attract cryptocurrency miners to the region to help bolster economic prosperity. Also Read: Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown Hydro-Québec Needs a Solution to Avoid Energy Tariffs Hydro-Québec is a large state-owned enterprise headquartered in Montreal that helps manage and supply electricity for Québec and other cities. The company isn’t doing so well the CEO Éric Martel reveals, and if things don’t change Québecers will face an “explosion” of electricity tariffs. Martel believes his company has the resources to stop the taxes as the firm’s 36,912 megawatts stemming from 63 hydroelectric power stations may be attractive to large data centers. Bitcoin Miners Can Purchase Over 5000MW of Excess Power from Québec Éric Martel CEO of Hydro-Québec Martel reveals Hydro-Québec will try to get energy-consuming businesses like giant website operations and server companies to utilize Québec’s resources. Hydro-Québec already supplies 450 MWh to various server centers. Martel is also looking to attract bitcoin miners to the region as Hydro-Québec hopes to distribute 6 TWh to those in need of an excess supply of cheaper energy. The CEO estimates cryptocurrency miners could use 5000MW of that energy. When chatting with the Le Journal, Martel explains that he believes cryptocurrency miners and data stations appreciate the cold winters in Québec stating; I tell them in the winter, you just have to open the garage door and windows to cool things…
Source: 5000 MW to Spare – CEO of Hydro-QuéBec Wants to Attract Cryptocurrency Miners

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