📈 Increase in Customs Duties on Bitcoin Mining Devices in the United States
American Bitcoin mining companies are facing increasing pressure due to the ongoing trade war between the United States and China, as American companies may face significant financial liabilities due to disputes with Customs and Border Protection (CBP).
According to the latest report from The Miner Mag:
⚖️ New tariffs: 57.6% on Chinese devices, and 21.6% on devices from Indonesia, Malaysia, and Thailand.
💰 Financial liabilities for companies: CleanSpark may face $185 million, and IREN is disputing $100 million with customs.
📉 Pressure on revenues: Hash rate is below 60 PH/s, and transaction fees are less than 1% of block rewards.
🏭 Manufacturer movements: Bitmain, Canaan, and MicroBT have established factories in the United States to mitigate the impact of tariffs.
🌏 Canaan's strategy: It has moved its headquarters to Singapore and announced American investments to avoid trade barriers.
💡 Analysis: Tariffs may reduce domestic demand, giving an advantage to operators abroad, but the final impact depends on the evolution of U.S. tariff policies.
#Bitcoin #Mining #CryptoNews #Canaan #CleanSpark #IREN
