List of Flash News about cryptocurrency mining costs
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2025-06-27 00:52 |
U.S. Tariffs on ASIC Imports: Impact on Bitcoin Mining Costs and BTC Hashrate Growth
According to Taras Kulyk, CEO of Synteq Digital, U.S. tariffs on ASIC imports from Southeast Asia could increase mining equipment costs by 10-50%, potentially slowing Bitcoin mining expansion in America and reducing its global BTC hashrate dominance. Multiple experts, including Jeff LaBerge of Bitdeer, state that tariffs add to existing challenges such as competition from AI data centers and fewer ideal U.S. locations, which may shift mining investments to regions like Canada. Miners are adapting through secondary markets for cheaper rigs, while ASIC manufacturers like MicroBT and Bitdeer are ramping up U.S. production to mitigate tariff impacts, though this process is slow and costly, as reported by industry sources. |