Bitcoin miners are preparing for trade war uncertainties due to US-Canada tariff changes

From Cointelegraph

March 13, 2025 9:30 am:

Bitcoin miners are adapting to trade war uncertainties between the US and Canada. Ontario’s plan to increase power exports cost to the US was walked back after Trump threatened higher tariffs. Some firms are preparing for policy changes to protect growth. Bitfarms CEO expects policy implications from tariffs. Energy policy debates in Canada continue, with some accusing the government of harming the economy. Bitcoin miners could benefit from tariffs by tapping into underutilized energy sources. Bitfarms has operations in Pennsylvania, which could benefit from a resurgence in American manufacturing. Trump’s tariffs on China are impacting US crypto miners, causing delays and heavy customs fees. China-based mining hardware producers may move operations to other countries to avoid US sanctions. US economic policies are causing uncertainty in the crypto industry, with potential impacts on asset valuations. Bitcoin price could sink to $75,000 due to trade policy fluctuations.

Read more at Cointelegraph: US-Canada tariff flip-flops have Bitcoin miners on their toes