Bitcoin minors adapt their commercial strategies, because the trade war continues between the United States and Canada makes prices and energy policies all the more uncertain.
President Donald Trump threatened to double his prices on steel and aluminum from 25% to 50%, which led the government of the Ontario province to resume its own plan aimed at increasing the cost of power exports to the United States.
The Prime Minister of Ontario, Doug Ford, had promised to further increase the surcharge or even to “close the electricity”, taking into account the additional provocation. However, he seems to have softened his position, at least for the moment.
The trade war may have achieved a lull, but some cryptographic companies are considering possible policy changes in order to protect their growth.
https://www.youtube.com/watch?v=isnmkbijktc
Bitcoin minors expect changes in the energy markets
Ben Ganon, the CEO of the Canadian Bitcoin extraction company, Bitfarms, told Bloomberg on March 11 that recent energy prices increases, if they had crossed, were unlikely to affect his business affairs.
Bitfarms operations are mainly found in Quebec and British Columbia, both of which have significant hydroelectric capacity compared to the total provincial energy mixture. Ontario, in comparison, is “not as robust of an energy market. And in recent years, they have really made a big boost to reduce the capacity of Basoad. »»
But even if Bitfarms’ energy situation may seem solid at the moment, Ganon has said that prices “have implications on policies and regulatory managers that would resemble the future”.
He said his business wanted to see “better access to electricity markets” as well as fewer regulations on the implementation of a new company or new electricity applications.
Energy policy has been a controversial field of debate in Canadian politics, criticism accusing the Liberal government – now led by Prime Minister Mark Carney – to harm the Canadian economy with their strategies to reduce emissions.
In relation: What the new liberal PM of Canada Mark Carney means for the crypto
Ganon said: “The opportunities in the United States are also present in Canada. And I think that all of this will be resolved and will end up a much more deregulated and smooth and efficient market, because for years, it has been linked to regulatory administrative formalities. »»
How would a Bitcoin minor benefit from prices?
Prices on products such as steel, aluminum and other industrial products – intended to encourage domestic production in the United States – also have an impact on bitcoin minors, certain effects being unexpectedly beneficial.
While Ganon noted that minors cannot control the price of Bitcoin, they can control their electricity costs. “One of the ways we can do is that we can look for underused energy pockets, which usually feed the heavy industry, which has been outsourced to other countries in the past 20 or 30 years.”
According to Ganon, Bitfarms has operations in Pennsylvania – a state of “rust belt” strongly affected by the outsourcing of American steel and metals. The assets of his business could soon be in great demand if the American manufacturing industry was to return from the dead.
Ganon said Bitcoin miners have invested massively in energy infrastructure that “used to feed aluminum foundries and steel refineries and everything that has been outsourced”.
“Now Bitcoin miners have these assets. And as the pendulum returns to America, these assets are now in great demand. »»
Prices in China tighten the Bitcoin exploration material
Canadian minors like Bitfarms may not be concerned for the moment, but Trump prices on China have already started to tighten American crypto minors, which import companies based in China like Bitmain.
According to Bloomberg, Bitcoin extraction equipment shipments from China to the United States were experiencing significant delays in February 2025. Delays were the result of Xiamen Sophggo technologies affiliated with Bitmain Bitmain in the United States.
Heavy customs fees for Inspections in Bitmain affiliated equipment cost $ 500,000 from American minors, according to Vishnu Mackenchery, Director of Logistics and World Services at Compass Mining Inc., new prices could make new imports of new generation minors in the United States “completely cost-prohibitive”, according to Synteq Digital Peo Taryk.
China -based mining producers like Bitmain could organize operations in other countries to avoid American sanctions. During Trump’s first mandate, when he imposed a 25% tax right on a certain number of consumer electronic goods from China, many mining producers moved to Malaysia, Indonesia and Thailand to avoid prices.
Bitmain even announced that he would launch an American production line in December 2024 to “provide faster response times and more efficient services to North American customers”. Bloomberg noted that the company had not provided the exact location of its American line.
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Trump’s economic policies continue to be a mixed bag for cryptographic industry. The wild fluctuations in trade policy and last -minute inversions have made the market difficult to predict. Elsewhere, the European Union has promised to impose counter-trials in the United States, further threatening asset assessments.
Bitcoin Prix Tableau from September 1, 2024 to March 13, 2025. Source: tradingView
Marcin Kazmierczakzak, co-founder and operating head of Orachain’s solution company, Redstone, told Cointelegraph that it could see Bitcoin flowing at $ 75,000, a level of also seen since November 2024.
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