Bitcoin miners adapt their business strategies as the ongoing trade war between the United States and Canada makes energy prices and policies more nonexistent.
US President Donald Trump threatened to double his definitions on steel and aluminum from 25 % to 50 %, Driving Ontario County Government decreased its own plan to increase the cost of energy exports to the United States.
The Prime Minister Doug Ford promised to increase the increase in additional fees or until “Close the electricity completely”, given more provocation. However, it appears to have eased his position, at least at the present time.
The trade war may have reached calm, but some encryption companies are looking for possible political changes to protect their growth.
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Bitcoin miners expect changes in energy markets
Ben Ganon, CEO of BitFarms Canadian Bitcoin, He said Bloomberg, on March 11, is unlikely to affect the increase in the increase in energy prices, if it passed, the work of his company.
Bitarms are often found in British Plakbec and Colombia, both of which are characterized by the acquisition of large electrical energy in relation to the total regional energy mix. Ontario, comparison, “is not strong in the energy market. Over the past few years, they have truly pushing BASLOAD’s ability.”
But although BitFarms power may seem strong at the present time, Ganon said the definitions “have traces of what policy and organizational frameworks in the future will seem.”
He said that his company wants to see “greater access to the electricity markets” in addition to a fewer regulations about creating a new work or new energy applications.
Energy policy was an area of controversial controversial in Canadian politics, with critics accusation The liberal government – led by Prime Minister Mark Carney now harming Canadian economy with their strategies to reduce emissions.
Related to: What does the new liberal Prime Minister Mark Carney mean for encryption
“The opportunities in the United States are also present in Canada,” Ganon said. “
How will the bitcoin currency currency benefit from the definitions?
Customs tariffs affect goods such as steel, aluminum and other industrial products – aimed at encouraging local production in the United States – on bitcoin miners, with some effects useful.
While Ganon noted that miners cannot control Bitcoin price, they can control their electricity costs. “One of the ways we can do this is that we can search for pockets of unexploited energy, which were used in the heavy industry industry, and that external sources have been used for other countries over the past twenty or thirty years.”
According to Ganon, BitFarms has operations in Pennsylvania – a “rust belt” country that is very affected by the help of external sources of American steel and minerals. The assets of his company can soon be in high demand if the American manufacturing industry is dead.
Ganon said that bitcoin miners were invested extensively in energy infrastructure “she used to melting aluminum, steel refineries and all things that were used external sources.”
“Bitcoin miners are now these assets. As the pendulum returns to America, these assets are now high demand.”
China’s tariff presses bitcoin mining devices
Canadian miners such as BitFarms may be uninterrupted at the present time, but Trump’s tariff in China has already begun to pressure American miners, who import devices from China -based companies.
According to Bloomberg, Bitcoin mining shipments from China to the United States were suffering from significant delay from February 2025.
The heavy customs duties to inspect the devices that followed the usual devices in the form of points cost American miners amounting to $ 500,000, according to Fishno McNeneteri, director of logistics and global services at Compass Mining Inc. , The new imports of miners from the two years can make the “Batella in full cost”.
China mining producers such as Bitmain can create operations in other countries to avoid US sanctions. During the first period of Trump, when a 25 % tax duty imposed on a number of electronic goods for consumers from China, many mining producers moved to Malaysia, Indonesia and Thailand to avoid definitions.
Bitmain even announced that it would launch an American production line in December 2024 “to provide faster response times and more efficient services to North American clients.” Bloomberg noticed that the company did not provide the exact location of its American line.
Related: Treasury Secretary Scott Payet says that we must bring BTC to the beach
Trump’s economic policies are still a mixed purple bag. Wild fluctuations in commercial policy and repercussions at the last minute have made the market difficult to predict. Elsewhere, the European Union promised to impose anti -anti -US outlets on the United States, which increased the asset evaluation.
Bitcoin price scheme 1 September, 2024 to March 13, 2025. Source: TradingView
“This might see Bitcoin’s sink to $ 75,000, a level that has not been seen since November 2024,” Marin Kazimchak, co -founder and head of operations at Bluchin Oracle solutions, told Cointelegraph.
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