Bitcoin Miners See Growing Opportunities Under Trump, Though Challenges Remain

Smoke from Nicaraguan cigars filled the room as a massive Bitcoin miner from the Deep South described how the sector is growing exponentially.

“You have no idea,” he said at this year’s Mining Disrupt pre-party in Fort Lauderdale, Florida, before continuing with a popular phrase among bitcoiners, repeated by President Trump during the campaign, that you should never part with your assets.

Having been in the business since its early days, he recalled buying a Ferrari with orange coins years ago, something he now regrets with a laugh after the stock had soared to stratospheric heights.

Bitcoin has been on a steady rise for years, hitting new records amid President Trump's victory in November. The new commander in chief promised during his campaign that he would support the industry after regulators stepped up pressure on cryptocurrency companies during former President Joe Biden's administration.

Some of the optimism that has come with that wave was evident at the event. But there was also a sense of melancholy at the world’s largest crypto mining expo this week, as members of the fast-changing and arcane industry acknowledged that they are finding it increasingly difficult to make ends meet amid the growing competition and high costs of Bitcoin mining.

Case in point: Bitcoin is now down 24% from its January all-time high, trading below $83,000. But mining difficulty continues to skyrocket, setting new records — and very quickly.

“It’s just incredibly hard to keep up,” said one small business owner in the cutthroat industry, who asked not to be identified. He quickly changed the subject to talk about his side hustle in Solana.

Problems with weather conditions

Bitcoin mining is a complex but important area of the crypto industry. Conceptually, people seem to understand why it’s critical to the space — President Trump has even mentioned its importance to protecting businesses — but for many, it’s too technical to wrap their heads around.

Even among crypto enthusiasts.

But the short version is this: Bitcoin mining requires significant resources, namely cheap energy to power the powerful, noisy machines that power the payment network. Miners are typically large industrial enterprises that receive newly minted digital coins for processing a block on the blockchain.

As the network expands — as expected — mining difficulty increases. And more labor is required to stay in business. When the price of BTC declines, selling Bitcoin rewards may not be enough to cover costs.

The room is packed, listen to @MiningDisrupt panel discussion led by @Bitcoin_Curtis about #Bitcoin mining and @AI@compass_mining pic.twitter.com/PARggOAK68

— Shanon (@ShanonSquires) March 26, 2025

In essence, Bitcoin mining is a complex business. And that was a common theme at the conference, including discussions of ways for mining companies to diversify their operations.

“There’s a huge opportunity here for Bitcoin mining,” data center expert Chad Everett Harris enthused on the panel, while also trying to convince miners to explore the AI business for additional revenue, an increasingly popular trend.

Paul Lee, CEO of mining technology provider Fog Hashing, added that miners simply “couldn’t pass up” the chance to tap into the emerging wave of AI.

However, as Decrypt reports , the transition from creating “digital gold” to running AI-powered data centers is no easy task even for large companies.

If even Nasdaq-listed mining companies are wary of entering the world of AI—an expensive and complex process—what's left for smaller players?

New era?

Before his victory, President Trump said that under his leadership he would strive to ensure that all future Bitcoin would be 100% American-made.

Miners largely chose to avoid discussing politics with Decrypt , and there weren't any red helmets in sight at the event — unlike the MAGA-heavy Bitcoin 2024 Nashville last summer. But there was a sense of relief among miners about the new

Source: cryptonews.net