A few days after announcing a new branch in Switzerland, China’s mining giant Bitmain Technologies is considering another expansion - this time in Canada’s Quebec province.
The new plan appears to be an addiction to Bitmain's current mining facilities overseas. The company also recently announced it was expanding to Switzerland, having already registered a new branch near the European nation’s “Crypto Valley.” At the time, Bitmain announced Switzerland would “play a key role” in its global expansion plans.
In a response to CoinDesk, Bitmain also said its mining operation in the North America region has been on since 2015 but did not reveal exact locations.
As reported by CoinDesk previously, Quebec has become an attractive location for new bitcoin mining facilities. The region has excessive cheap hydropower to offer tech companies, including bitcoin miners. In addition, the country’s colder environment is conducive to longer lives for the ASIC machines which companies use to mine bitcoin.
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