Article Details

Trump's War on Wind Power Has One Very Big Exception - Mother Jones

Retrieved on: 2025-09-16 15:57:22

Tags for this article:

Click the tags to see associated articles and topics

Trump's War on Wind Power Has One Very Big Exception - Mother Jones. View article details on hiswai:

Summary

Mother Jones investigates how Eric Trump has positioned himself as a major player in bitcoin mining while his father wages war on renewable energy sources.

Eric Trump recently launched American Bitcoin, a cryptocurrency mining company powered by a Texas wind farm, creating a striking contradiction with President Trump's anti-renewable energy policies. The venture emerged through a complex web of mergers and partnerships, positioning the Trump family to profit significantly from both bitcoin's rising value and cheap wind-generated electricity. This development highlights potential conflicts of interest, as the administration promotes pro-crypto policies while simultaneously blocking new wind energy projects that competitors might need.

  • Eric Trump's bitcoin mining operation uses exclusive access to a 200-megawatt Texas wind farm for cheap electricity
  • The Trump family's crypto empire has expanded rapidly since the election, with bitcoin prices skyrocketing under the new administration
  • Critics argue bitcoin mining consumes massive amounts of electricity while creating few jobs, potentially driving up energy costs for consumers
  • The administration's simultaneous support for crypto and opposition to renewable energy development raises ethical questions about family profit motives

Article found on: www.motherjones.com

View Original Article

This article is found inside other hiswai user's workspaces. To start your own collection, sign up for free.

Sign Up
Book a Demo