Trump’s Bitcoin Mining Push Faces Power Constraints Beyond Tax Bill

H.R. 9175 would let miners and stakers defer tax on newly minted tokens until they sell them. The US Tax Court held on June 4 that staking rewards count as gross income when taxpayers gain dominion and control. The US held roughly 37.5% of global Bitcoin hashrate as of January 2026, but mining expansion still depends on power, land, permitting, and grid reliability.
BTC-1.06%
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