Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Bitcoin

The miners’ race: imports surge ahead of tariff enforcement

Newsroom by Newsroom
April 14, 2025
in Bitcoin, Industry
mining
Share on FacebookShare on TwitterShare on Linkedin

Bitcoin mining companies are rushing to import equipment before new trade tariffs drive up costs.

According to a recent report by Blockspace, bitcoin miners are accelerating hardware imports into the United States ahead of the full implementation of new tariffs on China imposed by the Trump administration.

Reportedly, major mining firms are taking extraordinary measures, even chartering private flights costing between $2 million and $3.5 million for transport. The goal is to avoid the looming increase in mining machine prices, which are estimated to rise by 22% to 36% once the tariffs are fully in effect.

In the first quarter of 2025 alone, the U.S. has already seen $860 million worth of mining equipment imports. The report also highlights that last year, U.S.-based miners purchased more than $2.3 billion worth of ASIC machines.

Currently, the United States accounts for around 36% of Bitcoin’s total global hashrate, according to data from the Hashrate Index. However, that share may decline due to the new tariffs, which particularly affect countries that manufacture mining equipment. This situation could lead to a shift in the distribution of hashrate from the U.S. to other nations.

According to Blockspace, the impact of these tariffs on the mining sector could rival the disruptions caused by China’s 2021 mining ban. However, the reduced purchasing power of U.S. miners could ease global demand pressure, potentially pushing down ASIC miner prices on international markets.

Previous Post

Ukraine: proposed 23% tax on certain crypto income

Next Post

Block settles: $40 million agreement with New York regulator

Latest News

Le grandi banche USA valutano il lancio di una stablecoin comune
Crypto

Major US banks consider launching a joint stablecoin

by Newsroom
May 23, 2025
0

Banking giants JPMorgan, Bank of America, Citigroup, and Wells Fargo are in talks to develop a unified stablecoin solution.

Read moreDetails
Turista americano drogato e derubato: $123.000 in crypto rubati a Londra
Crypto

American tourist drugged and robbed: $123,000 in crypto stolen in London

by Newsroom
May 23, 2025
0

A fake Uber driver steals $73,000 in XRP and $50,000 in Bitcoin after drugging an American tourist.

Read moreDetails
bitcoin
Bitcoin

Michigan: four bills on pension funds, CBDCs, and mining

by Newsroom
May 23, 2025
0

Michigan lawmakers are unveiling a comprehensive strategy to regulate Bitcoin and cryptocurrencies.

Read moreDetails
bitcoin
Bitcoin

USA: 50 million Americans own bitcoin

by Newsroom
May 22, 2025
0

Bitcoin surpasses gold in the United States: 50 million holders and a dominant role in the global market.

Read moreDetails
bitcoin
Bitcoin

Texas one step away from a bitcoin reserve: only the governor’s signature is missing

by Newsroom
May 22, 2025
0

Governor Abbott will have to decide whether to sign the bill establishing a bitcoin reserve for the state.

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie