According to ChainCatcher, Luxor, a Russian Bitcoin mining technology company, predicts that if Trump imposes comprehensive tariffs on the Bitcoin industry supply chain, Russia will become a major beneficiary, as most Bitcoin mining hardware is still designed outside the United States. Historically, the industry has been dominated by Antminer from Bitmain, with a market share exceeding 80%.
Moreover, Russia's Bitcoin mining activities have significantly increased, benefiting from energy cost advantages and gradual relaxation of cryptocurrency regulations. Despite facing sanctions from Western countries, the Russian government continues to promote the legalization of cryptocurrencies, especially in international payments and mining. Experts note that although Russia has made progress in the cryptocurrency field, utilizing cryptocurrencies to widely circumvent sanctions remains challenging due to market liquidity constraints.
