#TariffsPause
After Trump's China tariffs, bitcoin miners rush to import gear
Bitcoin miners are rushing to ship equipment into the US before a price rise.
Due to Trump's tariffs, Bitcoin mining equipment prices may jump 22%–36%.
Top mining businesses allegedly doubled flying rates to stave off taxes.
Blockspace reported Wednesday that Bitcoin (BTC) miners are hurrying to bring mining equipment into the US due to increased tariffs in the US-China trade conflict. Flights to bring mining equipment into the US cost most miners $2 million to $3.5 million before the tariffs.
Bitcoin miners buy more as Trump tariffs take effect.
According to Blockspace, bitcoin miners are scrambling to import mining equipment from China, Malaysia, and Thailand to avoid US tariffs.
Major mining businesses are chartering private jets at $2 million to $3.5 million each trip to avoid 22% to 36% mining equipment price hikes, according to the study.
The first quarter of 2025 saw $860 million in US mining equipment imports. Last year, US Bitcoin miners acquired nearly $2.3 billion in ASIC miners, according to Blockspace.
The World Population Review reports that US miners own 38% of Bitcoin's mining hash rate. The tariffs, which target nations manufacturing crucial mining equipment, might lower this amount, Blockspace reported. Malaysia was levied 24%, Thailand 36%, Indonesia and Taiwan 32%, and China 145%.
Thus, the trade war may halt global hashrate growth and transfer distribution from the US to other nations.
According to the research, these taxes might hinder Bitcoin mining as much as China's 2021 mining ban. The lowered purchasing power of US miners might lessen global demand pressure and lower ASIC costs in overseas markets.
Given President Trump's 90-day tariff moratorium on 75 nations, save China, economic realities have shifted since Blockspace study.
