Where is Trump’s Promise to be the Crypto Mining Powerhouse?
Trump’s new tariff are likely increasing costs for U.S. Bitcoin miners reliant on Asian hardware. Supply chains for Bitcoin mining, concentrated in Asia, face disruptions. These policies challenge Trump’s promise to make the U.S. a mining powerhouse. U.S. miners are at immediate risk, with potential profit margin squeezes and slowed expansion due to higher equipment costs. Miners might adapt by seeking domestic...
Blockchain, Crypto Mining, Cryptocurrencies, Front page, News, Tariffs