In a significant escalation of trade tensions, the Trump administration has imposed up to 104% customs duties on goods imported from China—sending shockwaves through the U.S. Bitcoin mining industry. According to Blockspace Media, these newly enacted tariffs are being described by industry insiders as functionally equivalent to China’s 2021 ban on crypto mining, due to the disruption they pose to the procurement of specialized hardware.


Accelerated Procurement & Logistical Strain


Anticipating the tariff hike, U.S.-based mining operations are front-loading equipment purchases, resulting in a surge of air cargo demand. Aircraft are being chartered at 2–4x standard rates, costing between $2 million and $3.5 million per shipment, to expedite deliveries before the most punitive duties take effect. Orders completed before April 5 are reportedly exempt, while equipment ordered between April 5–9 faces a 10% tariff, increasing to 24–104% from April 9 onward, based on manufacturer and country of origin.


Global Manufacturing Landscape


Bitcoin ASIC manufacturers such as Bitmain, MicroBT, Canaan, Bitdeer, and Auradine produce the majority of their hardware in China, Malaysia, Thailand, Indonesia, and Taiwan. Under the new tariffs:



  • Bitmain and MicroBT—dominant players with over 90% market share—face duties as high as 104% on China-based exports.


  • While both have partially relocated assembly operations to the U.S., these initiatives represent a fraction of their total output.


Strategic Implications


According to Luxor COO Ethan Vera, the tariff policy could significantly undermine the competitive position of U.S. miners, particularly as Canadian and Russian counterparts maintain access to untaxed or lower-cost equipment. The resultant slowdown in hash rate growth may signal a structural shift in global mining dynamics.


These developments underscore how macroeconomic policy—specifically trade and tariff regulation—can have profound downstream effects on decentralized technologies, potentially reshaping the global distribution of hash power in the process.


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