Senators Push New Bill to Enhance US Bitcoin Mining and Cybersecurity

US Senators Push for "Mined in America" Bitcoin Bill

US Senators Bill Cassidy and Cynthia Lummis have introduced the "Mined in America Act" aimed at promoting local Bitcoin mining and reducing dependence on foreign technologies, particularly from China. Currently, the US controls about 38% of global Bitcoin mining, yet 97% of specialized mining equipment is sourced from China, raising concerns about supply chain vulnerabilities and national security.

The proposed legislation mandates a gradual transition away from multinational mining equipment manufacturers, requiring companies to phase out foreign-connected equipment by the end of the decade. Additionally, it establishes a "Mined in America" certification program to bolster trust in US mining operations and promote best practices.

"If we are serious about our leadership role in Bitcoin, we cannot allow our adversaries to hold the keys to our supply chain," stated Dennis Porter, CEO of the Satoshi Action Fund.

This act not only aims to secure the supply chain but also links Bitcoin mining to energy efficiency and rural development, potentially transforming mining into a source of energy regulation.

Key Takeaways:

The US aims to reduce reliance on Chinese mining hardware.
The act includes a certification program for domestic mining operations.
It seeks to enhance national security and energy efficiency through mining.

Bitdeer Plans Major AI Data Center in Norway

Bitdeer Technologies Group has signed a construction contract with Data Center Installations AS (DCI) to transform its Tydal site into a 180-megawatt AI data center, expected to be completed by December 2026. This facility will primarily focus on AI colocation services based on Nvidia's Vera Rubin GPU architecture, marking a significant shift from Bitcoin mining to AI infrastructure.

The Tydal data center will operate entirely on CO₂-free hydropower and utilize immersion cooling, with excess heat redirected to support local food production. This project is seen as a cornerstone of Bitdeer's strategy to meet the growing demand for AI data centers in Europe.

Key Takeaways:

The Tydal facility will be Norway's largest operational AI data center.
It will be powered entirely by renewable energy.
The project aims to address the increasing demand for GPU-intensive computing capacity.

American Bitcoin Corp's Stock Struggles Amid Growing BTC Reserves

American Bitcoin Corp (ABTC), owned by the Trump family, now holds over 7,000 BTC valued at approximately $471 million. Despite this significant accumulation, the company's stock has plummeted by 94% since its IPO, currently trading at around $0.81, close to its all-time low.

Since going public in May 2025, ABTC has nearly tripled its Bitcoin holdings, primarily through market purchases and self-mining. However, the company reported a net loss of over $59 million in Q4 2024, reversing a profit from the previous year, which has contributed to the stock's decline.

Key Takeaways:

ABTC's stock has fallen significantly despite increasing Bitcoin reserves.
The company has tripled its BTC holdings since its IPO.
Operational losses have impacted investor confidence.

Benchmark Confirms Canaan Rating Amid Strategic Realignment

Benchmark has reaffirmed its rating for Canaan, a leading Bitcoin mining hardware manufacturer, as the company undergoes a strategic realignment. This move comes as Canaan aims to enhance its market position and adapt to the evolving landscape of cryptocurrency mining.

The confirmation of the rating reflects confidence in Canaan's ability to navigate challenges and capitalize on opportunities within the Bitcoin mining sector.

Key Takeaways:

Benchmark has confirmed its rating for Canaan amid strategic changes.
Canaan is focusing on enhancing its market position in the mining sector.

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