## Trump's Tariffs Could Boost Russian Bitcoin Mining Donald Trump's proposed tariff policies are expected to significantly impact the global Bitcoin mining landscape. An analysis suggests that Russian Bitcoin mining companies are uniquely positioned to benefit. According to Ethan Vera, COO of Luxor Technologies, most Bitcoin mining hardware, like Bitmain's Antminer (which holds over 80% of the market share), is designed outside the United States. If tariffs are implemented, Russian miners could acquire equipment more cheaply than their U.S. counterparts. This cost advantage could reshape the global mining hashrate, potentially slowing the growth of U.S. miners and giving Russian companies a competitive edge. Cheaper hardware translates to lower operational costs and increased profitability, making Russian mining operations more attractive. This ultimately leads to a shift in the balance of power within the Bitcoin mining industry. ```

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