Generating electricity has always been a profitable business, but when you add in the potential of crypto-mining, that value skyrockets.
Investors might be surprised to learn that one of the best places to generate electricity is right here in Canada. The country ranks in the Top 5 of cheapest "all in" costs out of the world's developed countries based on the average electricity rate per country, with a strong established infrastrucutre of oil & natural gas.
Traditionally, generated electricity in Canada has always been fully sold off, and crypto-mining would rely on third-party providers and electricity rates.
Plexus Technology Corp. (
TSX-V:PLEX,
Forum), however, has seen the opportunity no one else has tapped into yet: the ultra-low cost of mining directly at the source.
Cindy Broad of StockhouseMEDIA caught up with Cam MacDonald, Director and CEO of
Plexus Technology Corp. The Alberta-based company promotes a clean, low-cost natural gas solution while supplementing its income in cyptocurrency mining.
Plexus utilizes local natural gas to generate electricity for various wholly owned enterprises. Rouhgly 70% of its generated electricity is sold throguh multi-year Power Purchase Agreements to third parties, while the remaining 30% is used by the Company's technology division to power its own data centres and crypto mining operations.
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FULL DISCLOSURE: Plexus Technology Corp. is a client of Stockhouse Publishing Ltd.