Some of the world’s biggest cryptocurrency-mining operations are eyeing a move to Canada, tempted by cheap electricity and a cool climate.
The news: According to CoinDesk, a campaign by electrical utility Hydro-Quebec to entice companies into building data centers in the province ended up tempting numerous cryptocurrency-mining operations looking to move from other countries. Reuters also reports that Bitmain, one of China’s largest Bitcoin-mining firms, is looking at sites in Quebec and Manitoba.
The backstory: Around two-thirds of the world’s Bitcoin-mining capacity is located in China. Some operations are now plotting moves to other countries, amid what could be a broad crackdown on Bitcoin mining.
Why Canada? Mining rigs generate lots of heat, making colder environments ideal. Besides that, Hydro-Quebec offers some of the cheapest electricity in North America, and Canada’s overall political stability doesn’t hurt, either.
DeepMind’s cofounder: Generative AI is just a phase. What’s next is interactive AI.
“This is a profound moment in the history of technology,” says Mustafa Suleyman.
What to know about this autumn’s covid vaccines
New variants will pose a challenge, but early signs suggest the shots will still boost antibody responses.
Human-plus-AI solutions mitigate security threats
With the right human oversight, emerging technologies like artificial intelligence can help keep business and customer data secure
Next slide, please: A brief history of the corporate presentation
From million-dollar slide shows to Steve Jobs’s introduction of the iPhone, a bit of show business never hurt plain old business.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.