The United States and Australia have expanded their critical minerals framework to reduce dependency on China for rare earths and gallium, essential for semiconductor production in crypto mining hardware. This multi-billion-dollar initiative aims to stabilize the supply of GPUs and ASICs, crucial components in cryptocurrency mining, by reducing lead times and mitigating risks associated with single-source suppliers.
The framework includes public investment in shovel-ready projects to enhance the availability of these materials, potentially stabilizing pricing and procurement timelines for mining components. This move is part of a broader strategy to diversify the supply chain and ensure a more resilient infrastructure for the crypto mining industry.
US and Australia Expand Critical Minerals Framework to Boost Crypto Mining Supply Chain
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