Former U.S. President Donald Trump has expressed strong support for bitcoin mining, pledging to advocate for the industry if re-elected to the White House. During a meeting on Tuesday night with several bitcoin miners at his Mar-a-Lago resort, Trump emphasized the role of miners in contributing to energy grid stability, according to a Bloomberg report.

Trump has recently adopted a pro-crypto stance as part of his campaign for the upcoming November election. He reportedly assured the miners that he would champion their cause in Washington, D.C., if he returns to the Oval Office.

The meeting at Trump's Palm Beach estate included representatives from prominent bitcoin mining firms such as Nasdaq-listed CleanSpark Inc. and Riot Platforms. Several attendees shared their interactions with Trump on social media. S. Matthew Schultz, co-founder of CleanSpark, posted on X about meeting a significant supporter of bitcoin who praised CleanSpark's operations in Georgia, Mississippi, and Wyoming.

Trump's recent embrace of cryptocurrency has garnered substantial backing from industry leaders. This was evident at a recent $12 million fundraising event in Silicon Valley, which was attended by notable figures like Gemini founders Cameron and Tyler Winklevoss.

Trump's campaign has also announced that it will accept political donations in cryptocurrencies, signaling a broader acceptance and support for digital assets. In a statement, Trump highlighted his efforts to reduce regulations and promote innovation in financial technology, contrasting his approach with that of Democrats, whom he accused of relying too heavily on government intervention.

Meanwhile, sources have informed The Block that President Joe Biden's re-election campaign has begun reaching out to members of the crypto industry for guidance on digital asset policies. This represents a notable shift from the Biden administration's previously less favorable stance on cryptocurrencies.

Despite this outreach, Trump's campaign did not immediately respond to The Block's request for further comment.

As the political landscape evolves, both candidates appear to be paying increasing attention to the growing influence and importance of the cryptocurrency sector.