‘Up to 1 million’ bitcoin processors could be relocated to Alberta from China under energy firm’s proposal
Three natural gas-producing sites in southern Alberta could host “up to one million” bitcoin mining machines relocated from China under a deal proposed by Nevada-based Black Rock Petroleum Company amid Beijing’s ongoing crackdown on cryptocurrency production and trading.
… It’s unclear what the project could mean for Alberta’s tax base. Black Rock said the site would be staffed by Chinese and English speaking technicians and other employees, but it’s unclear how many jobs the project would entail.
…Under the terms of the Quirk Creek agreement, Black Rock’s press release said, Black Rock would work in partnership with China-based Optimum Mining Host Ltd. (OMH), which would cover many of the costs anticipated to arise out of the arrangement.
Courtesy of the China Broadcasting Corporation
