Bitcoin Miner Bit Digital Adds Machines in Iceland Before Possible U.S. Tax Crackdown

New York-based Bit Digital is expanding its operations to Iceland in a bid to hedge the bitcoin-mining company’s regulatory risk amid a proposed a crypto-mining tax from the Biden administration. Samir Tabar, chief executive of Nasdaq-listed Bit Digital, told The Wall Street Journal that the company bought 2,500 new bitcoin-mining machines for $5 million last week and will house them in Iceland, the company’s first time sending new computers outside the U.S. in two years. Bitcoin miners’ el