How many crypto mining companies are there in Alberta?

Karringten estimated there were about 40 crypto mining companies in Alberta, and virtually all of them were running off natural gas. Fossil fuels produce almost 90 per cent of electricity in Alberta. Large companies like Exxon Mobil are also interested in crypto mining.

What happened to a bitcoin mining power plant in Alberta?

A bitcoin mining power plant secretly set up shop in Alberta. Now it's being forced to shut down It set up a second site near Kirkwall in Special Area 3, without meeting AUC conditions, and one in Westlock that was compliant with the rules.

Can Alberta be a leader in cryptocurrencies?

While he said Alberta’s electricity market is an asset, the province has a long way to go if it truly wants to be a leader in the crypto space. He names the carbon pricing system in Alberta as one disincentive for the electricity-guzzling crypto industry, as well as the challenges cryptocurrency companies can face securing financing.

Will Alberta develop a'regulatory sandbox' for crypto companies?

Schweitzer has indicated Alberta's desire to develop a "regulatory sandbox" for crypto companies interested in setting up in the province. "It's about creating a culture and environment for all of those groups of people who are inspired by (cryptocurrency) to migrate into that jurisdiction," Mosoff said.