Donald Trump Backs Bitcoin Mining in Mar-a-Lago Meeting with Industry Leaders

Former U.S. President Donald Trump voiced strong support for bitcoin mining during a Tuesday night meeting with several Bitcoin miners at his Mar-a-Lago resort. This move underscores Trump’s growing embrace of the cryptocurrency sector as he gears up for the upcoming November election.

In the meeting, Trump told participants that he would advocate for Bitcoin mining if he returns to the White House, emphasizing the role miners play in stabilizing the energy grid. This statement aligns with Trump’s recent pro-crypto position, which he has been vocal about on the campaign trail.

The gathering at Trump’s Palm Beach resort included representatives from prominent bitcoin mining firms such as CleanSpark Inc. and Riot Platforms. Several attendees posted pictures with the former president, reflecting the positive reception of Trump’s remarks within the crypto community.

S. Matthew Schultz, co-founder of CleanSpark, shared his enthusiasm on social media, posting on X (formerly Twitter), “I just ran into a guy that’s a huge fan of bitcoin and loves what we’re doing at CleanSpark Inc. in Georgia and Mississippi and Wyoming.”

Trump’s endorsement of Bitcoin mining has not only garnered applause from industry leaders but has also translated into significant fundraising success. A recent $12 million fundraising event in Silicon Valley saw attendance from notable figures like Gemini founders Cameron and Tyler Winklevoss, further solidifying Trump’s support among crypto enthusiasts. Last month, Trump also announced that his campaign would accept political donations in the form of cryptocurrencies.