This morning Marathe largest publicly traded Bitcoin mining company, announced that it will roll out three new data centers in the United States
Would she have made such an announcement if Harris had won the election? probably. (It’s not like they developed these data centers overnight.)
But would they have made this announcement so enthusiastically, highlighting the fact that the Bitcoin the company is mining will be “Made in the USA”? Maybe not.
America’s computing power is accelerating. Today, we announce:
– Three new data centers.
– Owned and operated in Ohio.
– Capacity of 372 megawatts.#Bitcoin – Made in the USA. pic.twitter.com/ltDbhKrCHJ– Mara (@MARAHoldings) November 11, 2024
The phrase “Made in the USA” is likely a reference to President-elect Donald Trump, who has said he wants it All future Bitcoin mined in the United States.
Since Trump won the election, Bitcoin mining stocks across the board have risen dramatically Even CleanSpark (CLSK) has been discontinued Because of this rapid upward movement in prices, it indicates that miners and investors also believe that Bitcoin mining is welcomed in the United States and that the industry will flourish as a result.
And it’s not just bitcoin miners who feel that bitcoin companies are safe to operate in the United States. Alex Leishman, CEO and CTO of Bitcoin Exchange riverHe also believes that the Trump administration will be kind to Bitcoin companies (and Bitcoin holders).
The main risks facing Bitcoin have been removed or become significantly less likely this year:
– Federal ban/choke point (with Trump, this is much less likely)
– Gox coins dump (coins have already been distributed)
-Ban self-custody (less likely with Trump)– Alexander Leishman 🇺🇸 (@leishman) November 11, 2024
In this tweet, Lishman appears to be referring to the promise Trump made in his message Bitcoin 2024 keynote To protect the right to self-custody and prevent the federal bureaucracy from illegally cracking down on the Bitcoin and cryptocurrency industry.
Will Trump keep all his promises? It’s hard to say.
However, it seems likely that he will, given the money talks and Bitcoin/crypto lobbyists. She raised millions for the Trump campaign.
However, for now, optimism abounds, which is refreshing after four years of the Biden administration, which has left bitcoin and cryptocurrency companies feeling uneasy about their situation in the US.