Energy prices in Canada are relatively low, compared to most developed countries: https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/

Also, keep in mind these are national averages. Some parts of Canada have substantially lower prices than this average. Also, the energy grid is very stable and reliable. This makes Canada an attractive destination for miners.

I think Canada is a smart country. I want to move my company to Canada too

Canada’s abundance of eco-friendly energy resources could also play a huge role in attracting cryptocurrency miners to the country.  The Canadian government has also taken significant steps towards paving the road for a thriving cryptocurrency space. Most recently, the federal government launched a trial to explore the use of blockchain technology in making government research and grant funding more transparent.

I heard of the same thing. The availability of cheaper energy is making many parts of Canada as an attractive destination for many Bitcoin mining operations. I do hope that Canada will recognize this good opportunity and will not be doing some unnecessary moves that can severely restrict this burgeoning industry. in order not to compete with the consumer market of the power available, mining should only be allowed if there is an excess power available...this is the best way to avoid frictions and problems for all parties involved. After China, we are now seeing many countries who willingly absorbed what China rejected.

People keep trying to cut costs when getting into mining. It's kind of ridiculous I guess. And I'm pretty sure more countries will start making regulations against electricity expenditure.

The real answer isn't to go to a country where you can waste unlimited amount of energy just to mine crypto... the answer really is to just invest in renewable energy to keep the government off your back.

Something else that count in their favour is the temperature. In Bitcoin mining you are looking for a lower average temperature, because it reduces your cooling expenses. The average temperature for most of the major cities are very low. https://www.currentresults.com/Weather/Canada/Cities/temperature-annual-average.php

The profit margin increase, when you can save electricity cost on not having to use air-conditioning and large fans for most of the year.

These are positive news and its great that Canada has been able to accept this kind of operations and transactions. Having Canada and being able to explore the cryptocurrency system there would be a big help not just to the community overall but also to the survivability of bitcoin in general. As we all know a lot of major countries have been breathing down the neck of bitcoin and them seeing that Canada has opened its arms and are being benefitted of it can also greatly change their mind to it.