According to TechFlow, on July 30, according to The Block, analysts at research and brokerage firm Bernstein said that the Bitcoin mining chip and hardware industry will form a $20 billion market opportunity in the next five years, especially in the context of Trump's promotion of "making Bitcoin in the United States." Although this market has historically been dominated by Chinese companies (such as Bitmain, which has more than 80% of the market share), the new mining chips launched by Block and Auradine in the United States provide opportunities for supply chain diversification, advanced chip design competition, and global foundry capabilities.

Combined with Trump’s recent promise to “make Bitcoin in the USA,” Bernstein believes this will be a tailwind for U.S. Bitcoin miners, potentially improving equipment efficiency, reducing capital expenditures (due to lower chip prices), and providing idle power for AI/HPC opportunities. Bernstein is particularly bullish on large mining consolidators, rating Riot Platforms, CleanSpark, IREN, and Core Scientific as Outperform.