List of Flash News about mining rig tariffs
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2025-06-26 16:49 |
U.S. Tariffs on ASIC Imports Threaten Bitcoin Mining Expansion and BTC Hashrate Growth
According to Taras Kulyk, CEO of Synteq Digital, U.S. tariffs on ASIC imports could increase mining costs by 10-50% and slow the relative growth of U.S. Bitcoin hashrate, as other countries like Pakistan and Ethiopia expand operations. Jeff LaBerge, head of capital markets at Bitdeer, stated that miners are adapting by focusing on efficiency upgrades for older rigs, creating a $4-6 billion annual market opportunity. Lauren Lin, head of hardware at Luxor Technology, noted miners are using secondary markets to avoid tariffs while ASIC manufacturers explore U.S. production, but competition from AI data centers may further challenge U.S. dominance in BTC mining. |