Report: Mohawk Kahnawake Committee Seeks Energy for Crypto Mining

Report: Mohawk Kahnawake Committee Seeks Energy for Crypto Mining

2022/9/20

Mohawk members from Kahnawake are reportedly looking into using Hydro Quebec’s electricity to power cryptocurrency mining operations, according to a report by the Canadian Local News Initiative. Kahnawake's Mohawk Council (MCK) has created a new organization to research crypto mining opportunities that could be added to the council's economic development portfolio. Mike Delisle, CEO of MCK, is the Council's Economic Development Portfolio Leader. Delisle believes that crypto mining can provide exciting income opportunities for Kahnawake residents. MCK is applying for more energy from Hydro Quebec, and MCK is discussing a partnership with a company called Pow.re. The company detailed that crypto mining projects do not require funding from Kahnawake. Our revenue generation and business development teams were tasked with sitting down and formally negotiating the terms of a possible agreement with Pow.re.

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