President Donald Trump's Tariffs Hit Bitcoin Mining Too! Here Are the Details

The U.S. Bitcoin mining industry is facing potential disruptions following President Donald Trump’s latest tariff announcement, which will impose a minimum 10% duty on all imports starting April 5. Bitcoin Mining Industry Braces for Impact as Trump's Tariffs Hit Supply Chains Additionally, Thailand and Malaysia, major players in the Bitcoin mining hardware supply chain, will face higher customs duties of 36% and 24% respectively, starting April 9. Many major Bitcoin mining companies operate in the United States, but their supply chains are concentrated in Asia. Bitmain, a Beijing-based Bitcoin mining hardware giant, has production lines in Indonesia, Malaysia, and Thailand. Lin, hardware manager at US-based Luxor Technology, a Bitcoin mining software and services firm, revealed that he had to rush 5,600 Bitcoin miners from Thailand to the US within 48 hours to avoid the upcoming tariffs. The sudden policy change has forced mining companies to reevaluate their strategies. Higher import costs for mining equipment could increase operational expenses, affecting Bitcoin’s network hash rate and overall mining profitability in the US. As tensions escalate over trade policies, the long-term impact on Bitcoin mining operations and supply chain stability remains uncertain. *This is not investment advice. Continue Reading: President Donald Trump's Tariffs Hit Bitcoin Mining Too! Here Are the Details