The release of seized cryptocurrency mining equipment alleviates pressure on the mining industry: details
U.S. authorities have begun releasing thousands of cryptocurrency mining units that had been held at ports for months, despite the continued detention of about 10,000 other units.
According to a report by "Reuters," the seizures, which began last year due to concerns over radio frequency emissions and trade restrictions, targeted devices from "Bitmain," "MicroBT," and "Canaan."
Reports indicate that some of the seized equipment contains chips from "Sophgo," a Chinese company blacklisted for its role in facilitating transactions between "TSMC" and "Huawei."
Despite the partial release, the remaining shipments are still under detention, reflecting ongoing trade tensions between the United States and China and their impact on the cryptocurrency mining sector.
