Arincen - The administration of President Donald Trump imposed tariffs of up to 36% on Bitcoin mining devices imported from Southeast Asian countries, which could significantly affect American mining companies that rely on these devices for their operations.

The decision, which was scheduled to take effect on April 9 before being delayed for 90 days, includes machines manufactured in countries like Thailand, Malaysia, and Indonesia. At the same time, another 10% tariff remains currently in effect.

Ethan Vera, the Chief Operating Officer of Luxor Technology, stated that the new tariffs would lead to "devastation" in returns on investment, especially at a time when American mining companies face significant challenges such as rising energy costs and equipment renewal.

It is worth noting that the United States became the largest producer of Bitcoin after China tightened its restrictions on the industry in 2021, with most mining operations concentrated in the states of Georgia, Texas, and New York. However, with the rising costs of machines due to tariffs, the American sector faces the risk of decreasing profit margins.