Canada (Quebec): industrial power price and what 1 kW earns
Quebec has cheap hydro and a cold climate, and Hydro-Quebec has a rate written specifically for crypto mining, called Rate CB.
The price
- Hydro-Quebec Rate CB (crypto mining), large power, all-in at full load: CAD 0.0659/kWh (about $0.0469)
Rate CB only covers power Hydro-Quebec has authorized for mining; anything above that is billed at 18.767 cents CAD/kWh. New capacity for mining is limited, so this is the price for existing allocations. Smaller sites under 5,000 kW pay the medium-power version, which is higher.
What 1 kW earns at this price
At the first price above, GPU rental nets more per kW: $0.41 a day mining vs $17.29 renting GPUs, after power and hardware.
At CAD 0.0659/kWh (about $0.0469)
| Per kW per day | Mining (S21 XP) | GPU rent (H100) |
|---|---|---|
| Revenue | $2.51 | $40.67 |
| Power | -$1.13 | -$1.11 |
| Hardware (amortized) | -$0.97 | -$22.27 |
| Net | $0.41 | $17.29 |
Open the calculator at $0.0469/kWh
Per 1 kW of facility power, using the mine vs AI calculator's default inputs: Antminer S21 XP efficiency (13.5 J/TH) at $15.81/TH, 2% pool fee, 3-year ASIC life; H100 GPUs at 1000 W, $2.69/GPU-hour, 70% utilization, $36,125 per GPU over 4 years; PUE 1.1. Hardware and rental figures are sourced in the methodology. Worked out at 100 kW and divided by 100, because GPUs come in whole units. No taxes or hosting fees. Hashprice $0.0381 per TH/s per day, computed October 21, 2026 at 20:50 UTC from the mempool.space API: BTC $84,647, difficulty 140.58 T, average reward 3.1420 BTC per block over the last 144 blocks. Currency conversion: AED at the official peg of 3.6725 per USD; CAD at 1.4057 per USD, the Bank of Canada daily rate for 2026-10-21.
Sources
- Hydro-Quebec, Electricity Rates effective April 1, 2026, Chapter 7 (Rate CB): Rate CB applies to cryptographic use applied to blockchains. Large power (5,000 kW or more): $16.571 CAD per kW of billing demand per month plus 4.324 cents/kWh for authorized consumption. At full load over an average 730-hour month, the demand charge adds 2.270 cents/kWh, so about 6.594 cents CAD/kWh all-in (our arithmetic). Accessed October 21, 2026.
- Bank of Canada, USD/CAD daily exchange rate: Latest daily rate fetched at build time, used to convert CAD to USD.
Other places: Texas (ERCOT) · Paraguay · Ethiopia · UAE, or see all power prices. Per-model numbers are on the ASIC pages.