Trump Trade: Trump family holds talks for stake in Binance U.S. arm
Written by Emily J. Thompson, Senior Investment Analyst
Source: Business Insider
Trump Family's Stake in Binance: Representatives of President Trump's family are reportedly in discussions to acquire a financial stake in the U.S. arm of cryptocurrency exchange Binance, while its founder seeks a pardon from the Trump administration after previous legal issues.
Impact of Tariffs and Policies: President Trump has threatened significant tariffs on European wines and alcoholic products in response to EU tariffs on U.S. whiskey, while CEOs from major firms like Blackstone and Goldman Sachs acknowledge potential benefits from his trade policies despite concerns over economic slowdown.
Analyst Views on GREE
About GREE
Greenidge Generation Holdings Inc. is a vertically integrated cryptocurrency datacenter and power generation company. It is focused on cryptocurrency mining, infrastructure development, engineering, procurement, construction management, operations, and maintenance of sites. It owns and operates a facility in Torrey, New York (the New York Facility). The New York Facility is a vertically integrated cryptocurrency datacenter and power generation facility with an approximately 106-megawatt nameplate capacity, natural gas power generation facility. It provides hosting, power, and technical support services to third party owned bitcoin mining equipment. Its cryptocurrency datacenter operations earn bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers owned or leased by the Company. Its datacenter operations in New York are powered by electricity generated directly by its power plant.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
