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🗞️ Miner Hunt Weekly: Ban Threats & Tax Breaks

🗞️ Miner Hunt Weekly: Ban Threats & Tax Breaks

Your weekly dose of mining news, insights, and market shifts.

MSM .
June 25, 2025

Welcome back, miners!
🔥 Major Headlines in Crypto Mining

Russia struggles to get miners to register 70% are still underground.
Ohio wants crypto payments under $200 to be tax-free and pro-mining laws in place.
Bitmain, MicroBT & Canaan start US production to dodge tariffs.
Norway may ban mining temporarily to save power.
France proposes mining to cut €80M in energy waste and stabilize its power grid.
🗞️ This Week’s Public Crypto & Mining News
😂 Meme of the Week

1/ Russia’s Miners Still Hiding in the Shadows

Despite new laws that technically legalize crypto mining, 70% of Russia’s miners still haven’t registered with the government.

That’s a huge underground scene.
Only 30% of miners have officially signed up since late 2024.

👮‍♂️ So what’s happening now?

The gov says: “we’re not done — more enforcement coming.”
Penalties might jump from $2K to $25K per violation.
Police just shut down another illegal farm in someone’s garage.

💬 Officials say the goal is to “bring mining out of the shadows.”
The miners say: “we like it in the shadows.”

💡 Fun fact: Russia passed laws to let companies report mining equipment as business assets but many miners say the laws still don’t offer full protection or clarity.

2/ Ohio Votes YES to Tax-Free Crypto Payments (Under $200)

The Ohio House just passed a bill that would:

Make crypto payments under $200 tax-free
Protect miners from unfair government rules
Allow mining in homes and industrial areas, if local laws are followed

This means if you buy coffee or a sandwich using crypto and it’s under $200, you won’t need to calculate or pay capital gains tax on that transaction anymore.

📈 The limit adjusts every year with inflation so, next year it’ll go up again.

The bill also says:

No licenses needed just to run a node, stake coins, or swap tokens
Self-custody wallets are protected
Mining/staking services are not securities

In short, Ohio is trying to become one of the most crypto-friendly states in the US.

3/ China’s Top Mining Hardware Makers Are Moving to the US

China’s biggest mining rig makers Bitmain, MicroBT, and Canaan — are packing their bags.

They're setting up shop in the United States, thanks to high tariffs making it too expensive to keep exporting.

Here’s how the market shakes out:

🏭 Bitmain: 82% of global ASIC production
MicroBT: 15%
Canaan: 2%
→ Together = 99% of the world’s Bitcoin mining hardware

🤝 Why the move matters:

Tariffs = 25% or more on Chinese mining gear
U.S. factories = cheaper access for American miners

🧩 Extra twist:
Bitmain already had shipping issues in 2024 when U.S. Customs delayed their deliveries due to Huawei-linked chip components. They’re trying to avoid that drama again.

TL;DR: ASIC giants are heading west. The U.S. mining scene just got a major upgrade.

4/ France Wants Bitcoin Mining to Soak Up Wasted Power

Here’s a surprising twist:
A group of French lawmakers wants to use Bitcoin mining to reduce energy waste and help balance the grid.

France lost nearly €80 million worth of electricity in 2024 due to oversupply — mostly from its nuclear power plants, which provide over 70% of the country’s electricity.

Their idea? Use Bitcoin mining to:

Absorb excess energy (especially at night or during low demand)
Stabilize the grid
Reuse the heat from mining rigs to warm nearby buildings
Revive old industrial areas with new mining centers

They’re proposing a regulated, low-carbon mining sector that fits into France’s clean energy goals — kind of like a "green mining" model.

Other countries are exploring this too. For example:

Pakistan is allocating 2,000 megawatts of power for BTC mining and AI data centers.
Belarus is also looking into using surplus energy for mining.

5/ Norway’s government explores crypto mining ban amid energy supply concerns

The land of salmon and snow says crypto miners might be using too much juice.

Norway is now considering a mining ban to save energy for more “important stuff” — like homes, businesses, and maybe charging electric skis (just guessing).

🧊 What’s happening:

Gov’t says mining eats up too much power + space.
They’re launching an investigation this autumn.
Could lead to a temporary mining ban under energy allocation laws.

📉 Why it matters:
Norway has cheap hydro power. It’s been a haven for miners. If they ban mining, it’s one less green-friendly zone for the industry.

📊 Quick stat:
A big mining farm can use as much electricity as an entire small town.

And they’re serious. Norway says it could use its Planning and Building Act to kick miners off the grid if needed.

🗞️ This Week’s Public Crypto & Mining News

Cipher Mining Fires Up “Black Pearl” in Texas - Phase I (150 MW, 2.5 EH/s) is live with plans to reach 9.6 EH/s by Q3 and eventually 23.1 EH/s. Big U.S.-based build-out underway
AIXA Miner Launches AI-Optimized, green cloud-mining - Fully licensed by FinCEN, AI-backed, 100% renewable system for cloud-based crypto mining
Bitcoin Hash Rate Dips After U.S. Strike on Iran Nuclear Sites - Mining activity fell possible energy disruptions in Iran caused rigs to go offline
Mining Coop UK Rolls Out AI Cloud-Mining Reward Program - Incentives aimed at first-time investors with multi-coin support (BTC, DOGE, LTC)
Dentons Launches Crypto-Policy Tracker - A free resource offering a timeline of major global crypto laws and regulations
Live Market Impact: Crypto Soars on Israel‑Iran Ceasefire Hope - Global markets saw a bump in BTC/ETH prices amid ceasefire optimism