Bitcoin miners are adapting their business strategies as the continued trade war between the US and Canada makes energy prices and policies all the more uncertain.
US President Donald Trump threatened to double his tariffs on steel and aluminum from 25% to 50%, leading the government of the province of Ontario to walk back its own plan to increase the cost of power exports to the US.
Ontario Premier Doug Ford had promised to further increase the surcharge or even “shut off the electricity completely,” given further provocation. However, he appears to have softened his stance, at least for now.
The trade war may have reached a lull, but some crypto firms are looking ahead at possible policy changes in order to protect their growth.
Bitcoin miners expect changes in energy markets
Ben Ganon, the CEO of Canadian Bitcoin mining firm Bitfarms, <a