Invezz / News / Interview: Trump family's Bitcoin mining deal is a sign of industry legitimization and an 'influencer endorsement,' says GoMining CEO Mark Zalan
Interview: Trump family's Bitcoin mining deal is a sign of industry legitimization and an 'influencer endorsement,' says GoMining CEO Mark Zalan
The United States has emerged as one of the largest hubs for Bitcoin mining globally, especially following China's sweeping crackdown on crypto mining activities in 2021. The U.S. share of global Bitcoin mining surged from just 4.5% in 2020 to an impressive 37.8% by January 2022. Now, with former President Donald Trump's pro-crypto stance and […]
The United States has emerged as one of the largest hubs for Bitcoin mining globally, especially following China's sweeping crackdown on crypto mining activities in 2021. The U.S. share of global Bitcoin mining surged from just 4.5% in 2020 to an impressive 37.8% by January 2022. Now, with former President Donald Trump's pro-crypto stance and recent initiatives around the Strategic Bitcoin Reserve, American miners are feeling increasingly optimistic about expanding their operations. In an interview with Invezz, Mark Zalan, CEO of GoMining — a digital mining platform — shared insights into the industry's renewed optimism. "If the federal government establishes a national framework for crypto regulations and offers tax incentives to miners, it will cement the U.S. mining sector's global leadership," Zalan said. However, the industry continues to face criticism over its energy consumption. Mining a single Bitcoin demands as much electricity as powering 61 U.S. homes for a year, according to NFTevening. Zalan also discussed how GoMining is advancing sustainable practices, why smaller miners may struggle without consolidating into mining pools, and how mining infrastructure could be adapted to support AI workloads — creating new revenue opportunities for miners. Here are edited excerpts from the emailed interview: Mark Zalan Strategic Bitcoin Reserve decision, SEC's stance on mining boosting confidence Copy link to section Invezz: According to recent statistics, US-based mining pools now control over 40% of the global hash rate. What's driving the investments and confidence in Bitcoin mining in the US? I think the US is finally on the right track to becoming the "crypto capital of the world" — something the domestic market has long been anticipating. Many investors, from retail to institutional, wanted to enter the growing vertical, but they were worried about the industry's ambiguous legal status. President Trump's decision to create the Strategic…