U.S. Aims to Boost Bitcoin Mining with Power Infrastructure Investments

U.S. Commerce Secretary Howard Lutnick announced plans to accelerate bitcoin mining in America, focusing on expanding the nation’s power infrastructure and reducing reliance on the public grid. This strategy aims to facilitate large-scale mining operations by allowing miners to build their own power plants near natural gas fields. Secretary Lutnick previously stated his belief that Bitcoin should be included within the global financial market system, with Cantor Fitzgerald serving as a key sponsor.