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Trump-Backed Crypto Venture Secures $220M for Bitcoin Mining Boom
Trump-Backed Crypto Venture Secures $220M for Bitcoin Mining Boom
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A crypto firm with ties to former President Donald Trump just pulled off a $220 million funding round—all earmarked for Bitcoin mining operations. Here's why Wall Street is sweating into its spreadsheets.
The Mining Power Play
Forget political endorsements—this is about raw hash rate. The capital injection signals institutional-grade confidence in Bitcoin's long-term value proposition, even as traditional finance pundits clutch their pearls over 'speculative excess.'
Bullish on Blockchain, Skeptical on Motives
While the fundraising milestone validates mining's profitability post-halving, cynics note the timing—just as election-year crypto posturing reaches fever pitch. Because nothing mint new coins like regulatory uncertainty.
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