A Canadian Ghost Town Takes a Gamble on Bitcoin

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.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Om Podcasten

Foundering is an award-winning, serialized podcast from the journalists at Bloomberg Technology. Each season, Foundering brings you inside a different high-stakes drama from the technology industry, where its companies are wielding unprecedented capital and power.