Why Canada's Abandoned City Was Taken Over by Bitcoin | Ocean Falls

Why Canada's Abandoned City Was Taken Over by Bitcoin | Ocean Falls

At its peak, Ocean Falls was a self-sufficient community in British Columbia, featuring a 600-bed hotel, an Olympic-caliber indoor pool, and a pulp mill that powered everything. However, when the mill closed, the town emptied almost overnight, leaving fewer than sixty residents today, accessible only by seaplane or boat. In 2017, an entrepreneur recognized the potential of the unused waterfall generating power at the site. This led to the establishment of a unique tech startup: a Bitcoin mining operation within the ruins of the former paper mill, located in one of the wettest places on earth. This video explores the history of Ocean Falls—how it was built, its abandonment, and the potential of cryptocurrency to succeed where pulp and paper could not. #ItsHistory #AbandonedPlaces #Bitcoin Learn more about your ad choices. Visit megaphone.fm/adchoices

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