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Trump Targets US Bitcoin Mining

This is a US news story, published by Wired, that relates primarily to Trump news.

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Wired

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Business

Business & Economics

A False Start on the Road to an All-American Bitcoin

Wired

Summary

Nutrition label

77% Informative

Trump has largely followed through on his crypto-related pledges.

But with respect to bitcoin mining, the US president has so far given with one hand and taken with the other.

Trump announced punitive new tariffs on 57 countries on April 2 .

US -based mining companies dependent on two dominant Chinese suppliers faced the prospect of spiraling hardware costs.

Auradine recently released an updated range of bitcoin mining hardware, and raised an additional $153 million in Series C funding.

The company will soon announce new high-profile customers signed in the wake of Trump ’s tariff announcement.

Mining firms operating in the US are scrambling to diversify out of the mining market, reworking their facilities to accommodate AI training and high-performance computing.

One option would be to prioritize the buildout of new energy generation capacity, analysts say.

That would drive down a major input cost for bitcoin mining.

The Trump administration claims that a raft of recent executive orders will combine to reduce energy costs in the US .

VR Score

76

Informative language

73

Neutral language

27

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

27

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