Bitcoin Mining In Canada Is Thriving Despite Stringent Regulations

There’s been plenty of jibber-jabber about how much the United States stands to benefit from the great hash rate migration from China, but what about the U.S.’s continental cousin, Canada?

A few months ago, a news report surfaced that said Bitfarms, one of Canada’s largest bitcoin miners, was quitting Quebec on account of rising energy prices and stringent regulations. In fact this isn’t true; Bitfarms is expanding in Quebec, but it’s just moving moving part of its fleet to South America in a bid to diversify its operations.

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