Canadian Bitcoin miners operate in a regulatory environment that on paper looks favorable supportive infrastructure, abundant renewable energy sources like hydro, and access to relatively cheap electricity in provinces like Quebec and Manitoba. But the reality is more complex. Power contracts can change, provincial governments have sometimes been inconsistent with mining approvals, and there’s been political pressure related to energy usage and environmental impact. In certain provinces, large-scale industrial electricity rates have risen unexpectedly, forcing miners to rethink their cost structure.