Former U.S. President Donald Trump signaled strong support for the bitcoin mining sector during a Tuesday night meeting with key industry figures at his Mar-a-Lago resort, according to a detailed Bloomberg report.

Trump, positioning himself as a staunch advocate for cryptocurrencies ahead of the upcoming November election, reportedly assured attendees that he would champion bitcoin mining interests within the White House. He emphasized the role of miners in maintaining energy grid stability, a nod to ongoing discussions about the industry's environmental impact.

Among the attendees at the Palm Beach meeting were representatives from prominent firms like CleanSpark Inc., listed on Nasdaq, and Riot Platforms, several of whom shared photos alongside the former president. Reflecting on the encounter, S. Matthew Schultz, co-founder of CleanSpark, expressed enthusiasm about Trump's positive stance on bitcoin mining, particularly highlighting the company's operations in Georgia, Mississippi, and Wyoming.

Trump's embrace of cryptocurrencies has garnered support from influential leaders within the industry. Recently, he hosted a fundraising event in Silicon Valley that reportedly raised $12 million, attended by notable figures such as Gemini founders Cameron and Tyler Winklevoss. Trump's campaign also announced its readiness to accept political donations in cryptocurrencies, underscoring his commitment to financial innovation and reduced regulatory barriers.

In contrast, sources cited by The Block last month revealed that President Joe Biden's re-election campaign has been engaging with crypto industry members to solicit input on digital asset policies. This outreach signals a shift from the Biden administration's previously cautious stance toward cryptocurrencies, a contrast to Trump's proactive approach.

Trump's campaign has not yet responded to requests for further comment from The Block, indicating ongoing developments in the intersection of politics and cryptocurrency as the election cycle approaches.