Canada’s Indigenous Tribe to Mine Bitcoin Using Hydro Power

Canada’s Indigenous Tribe to Mine Bitcoin Using Hydro Power
  • The Mohawk Council of Kahnawake (MCK) and Kahnawake Blockchain Technologies are to apply for more energy to Hydro Quebec.
  • MCK also partners with to mine cryptocurrency.
  • Kahnawake would obtain a percentage of the Bitcoin mined.

Quebec’s governing body Mohawk Council of Kahnawake (MCK), which members created the new fintech Kahnawake Blockchain Technologies, permitted the fintech firm to apply for more electricity in Hydro Quebec. The energy will be used to power the community’s cryptocurrency mining operations.

According to the published article of Local Journalism Initiative Reporter Marcus Bankuti, the idea was suggested by the company, which offers a partnership that wouldn’t use the community funds. Corporation offers computation centers and financial services that will transform stranded energy into digital asset opportunities.

Mike Delisle, the head of this new economic development portfolio chief of MCK, said:

With zero investment and an opportunity here to create a new industry, or at least a new industry within Kahnawake, it’s exciting for revenue generation and for the development of services. Now our revenue generation and business development team has a mandate to sit down and formally negotiate terms of a possible agreement with

Paul Rice, the local spokesperson of, stated that the deal’s financial risk to Mohawk Nation’s community is “very minimal.” He added that the corporation is a well-financed company and knowledgeable in the crypto industry. Rice stated that Kahnawake would obtain a percentage of the Bitcoin mined, which he described as “basically a free roll on the upside of the price of Bitcoin.”

While the benefits of mining Bitcoin with an ideal choice, MCK members are still anxious about crypto mining’s environmental effects on the community. By the use of renewable energy, Rice confirmed that Hydro Quebec’s energy is parallel with’s vision of environmentally-conscious crypto mining activities. He also added that the mining rigs would be kept in shipping containers on land that would cause the least impact on the grounds and could easily be removed.

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.