English
Bitcoin miners rush to import hardware after Trump imposes tariffs on China
Bitcoin miners are rushing to import mining equipment into the United States in anticipation of a price surge. The cost of bitcoin mining equipment is expected to rise by 22% to 36% due to Trump's tariffs.
Bitcoin (BTC) miners are reportedly scrambling to import mining equipment to the United States following heightened tariff tensions in the U.S.-China trade war, according to a Blockspace report on Wednesday. The company allegedly paid an additional $2 million to $3.5 million in airfare to ship the mining hardware to the United States.
Bitcoin miners are rushing to import mining equipment from countries such as China, Malaysia and Thailand to get ahead of the United States’ global tariff policy, according to a report from Blockspace.
The report noted that major mining companies are chartering private flights at exorbitant costs of $2 million to $3.5 million per trip to circumvent a potential 22% to 36% price increase for mining equipment.
The United States reportedly imported $860 million worth of mining equipment in the first quarter of 2025. Blockspace also estimates that U.S. bitcoin miners purchased more than $2.3 billion in ASIC mining machines last year.
According to data from World Population Review, U.S. miners currently hold nearly 38% of the total Bitcoin mining hash rate. Blockspace noted that this percentage could fall as tariffs target countries that produce critical mining equipment, including a 24% import tariff on Malaysia, 36% on Thailand, 32% on Indonesia and Taiwan, and 145% on China.
Therefore, the trade war could slow global hash rate growth and cause hash rate distribution to shift away from the United States and toward other countries.
Furthermore, the report states that the impact of these tariffs on Bitcoin mining could be comparable to the disruption caused by the 2021 Chinese mining ban. However, the decline in U.S. miners’ purchasing power could ease global demand pressures, potentially leading to lower ASIC prices on the international market.
It’s also important to note that economic conditions have changed slightly since the Blockspace report, given President Trump’s 90-day tariff pause on 75 countries, with the exception of China.
Bonus rebate to help investors grow in the trading world!
