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A Canadian Ghost Town Takes a Gamble on Bitcoin

Residents hoped a bitcoin mine would help revive their struggling community. 

A Canadian Ghost Town Takes a Gamble on Bitcoin

Residents hoped a bitcoin mine would help revive their struggling community. 

Ocean Falls in Canada had been mostly abandoned for the last 40 years—until an entrepreneur started building a facility to mine bitcoin there. Residents hoped the new business would help revive the struggling community. This season on Decrypted, we'll be exploring the unintended consequences of technology. In this episode, Bloomberg Technology's Joshua Brustein travels to Ocean Falls to see whether bitcoin's arrival has actually been good for the Canadian town.

Want to hear more? Subscribe on Apple Podcasts and Pocket Casts for new episodes every week. Decrypted is a podcast that uncovers the hidden projects, quiet rivalries and uncomfortable truths in the global technology industry.