RE:RE:Update on Cryptostar Energy Deal in Labrador
I understand that it's the actual rate for a category of industrial consumers located in Labrador, a legacy rate in a province where the rates are highly regulated. They probably have a non firm rate, meaning they have to unplug on super cold days, around 300 hours per year. Hut and bitf are on non firm also in QC, i belive, doesnt really make a difference. Cryptostar has the first mover avantage, and the province does not really want any more miners to come in. As for the new block of energy that they might get, prices are very low right now. Nalcor has to pay to export its electricity and the export prices are super low right now.