Analysis: Trump's tariffs have a huge impact on US Bitcoin mining companies, and may stimulate a short-term surge in mining machine imports

Odaily Planet Daily News Trump has announced the introduction of reciprocal tariffs. Domestic Bitcoin miners in the United States may not be optimistic about the tariffs because they have always imported mining machines directly from the Asian market. Mitchell Askew, chief analyst at mining-as-a-service company Blockware Solutions, said: "Tariffs have a huge impact on Bitcoin miners. It is expected that the supply of overseas mining machines will be squeezed, thereby increasing the demand for domestic mining machines. If coupled with the rise of BTC, we may see ASIC mining equipment prices rise 5 to 10 times like in 2021." Blockware CEO Mason Jappa also said that tariffs will have a significant impact on the Bitcoin mining industry. He pointed out: "Currently, most of the Bitcoin mining server imports come from Malaysia/Thailand/Indonesia, and the mining machines that have arrived in the United States will become more valuable." Some Bitcoin mining companies have been racing against time to import mining machines before the United States imposes tariffs. Lauren Lin, head of hardware at Bitcoin mining software company Luxor Technology, said she even hopes to charter a plane to transport mining machines into the United States. (Cointelegraph)