Energy approach and key to race for Bitcoin growth

Ben Gagnon, the Chief Executive Director of Bitfarm, shared his thoughts on how the new geopolitical challenges of Trump administration would influence the Mining Industry Bitcoin.

Gagnon said during Bloomberg TV Interview 11. Marta that both the United States and Canada Economy were affected by an energy higher than 200 years. Blessed easy access to affordable power was a key driver of economic growth in the last two centuries.

However, it explained that current trade tensions and tariffs could have downstream effects in the energy market, which are critical Building Bitcoin.

“All our locations are based in Quebec,” Gagnon said. “The biggest locations will be in Quebec and Alberti, followed by British Columbia. On the other hand, Ontario is not so attractive due to its weaker energy market and reduced capacity.”

Despite the political tension between Washington and Ottawa who do not show immediate signs of mitigation, Gagnon believes that greater access to electricity markets and regulatory support will be crucial for the long-term success of the mining sector. He emphasized the need for deregulation and smooth market operations to enable miners to continue to expand their company.

Strategic acquisitions Strengthening market position

Bitfarks is busy strengthening its market position through strategic acquisitions that allow better geographical diversity that uses access to energy.

“We crossed 40% based in North America with 6% in the United States, to become 80% with North America with 66% in the United States,” Gagnon said. “This shift opens the world of opportunities for us, improving the quality and structure of our business costs.”

Gagnon also explained that the change of energy infrastructure from industrial use in Bitcoin mining creates new growth opportunities.

“The last four or five years, Bitcoin miners invested in energy infrastructure, which was previously used for industries like aluminum melting. As the pendulum swing back to North America, that property is now in great demand,” he said.

Regulatory uncertainty remains a challenge

While Gagnon remains Bullosh on the future of the Mining Industry Bitcoin, noted that the current regulatory uncertainty remains ongoing concern, although perspectives are really improving. He noticed that the recent moves of President Trump, including discussions about Bitcoin Strategic Reserve, a signal in the least growing recognition of Bitcoin’s role in economics.

But higher clarity on energy and crypto regulations are key to creating even major growth opportunities.

“We need more access to electricity markets and a framework for supporting politics for long-term success,” he added.