Home News Industry News As cryptominers eye Quebec, forest companies see opportunity

As cryptominers eye Quebec, forest companies see opportunity

At least two Canadian forestry companies are reviewing offers by cryptocurrency miners who want to lease excess mill space in Quebec, a province where electricity prices are among the lowest in North America.

Resolute Forest Products (RFP.N) and Fortress Global Enterprises (FGE.TO) said they have received interest from Canadian and foreign cryptominers, although both cautioned their talks are preliminary.

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Source: Reuters

 
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