Trumps Trade War Gives Rise to Oppertunities in Canada!

As the trade war between the US and China heats up cryptocurrency companies are about to get hit hard. President Donald Trump is imposing a 27.6% tax on mining hardware. This is because in June this hardware got classified as “electrical machinery apparatus”. Chinas top hardware producers such as, Bitmain, Canaan and Ebang are expected to be hit the hardest. Out of those three, Bitmain will be impacted the most as 51% of their sales were from overseas. This would essentially erode Chinas dominance over the mining industry. These tariffs, however, give the opportunity for new perspective and enticing markets such as Canada where electricity is cheap and regulations are relaxed.

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