According to BlockBeats, on August 6, TheBlock reported that Luxor Technology's Chief Operating Officer Ethan Vera stated that U.S. Bitcoin miners are preparing for a slowdown in growth following the White House's implementation of high reciprocal tariffs on Bitcoin mining machines from Southeast Asia. The latest tariff rates will take effect on August 7, including a 19% reciprocal tariff on ASIC miners from Indonesia, Malaysia, and Thailand, bringing the total import tax rate from these countries to 21.6%. The tariffs have led to a decrease in demand from U.S. customers, with mining machines flowing to countries like Canada with more relaxed import policies. Under the 21.6% tariff, the U.S. has become one of the least competitive regions for importing mining machines, and miners are considering expansion into Canada and other markets.
Ethan Vera predicts that if tariffs fully impact the industry's supply chain, Russia will become the main beneficiary, and the global mining computing power landscape will begin to reshape, while growth in the United States will slow down.
