{"id":126964,"date":"2025-04-11T05:17:22","date_gmt":"2025-04-11T05:17:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126964"},"modified":"2025-04-11T05:17:22","modified_gmt":"2025-04-11T05:17:22","slug":"us-crypto-miners-may-rush-to-buy-rigs-in-tariff-pause-despite-clear-disadvantage","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126964","title":{"rendered":"US crypto miners may rush to buy rigs in tariff pause despite \u2018clear disadvantage\u2019"},"content":{"rendered":"

Source: Cointelegraph.com NewsUS Bitcoin mining firms will try to capitalize on the Trump administration\u2019s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs will still leave the industry at a disadvantage, industry executives say.
\nPresident Donald Trump paused his administration’s hefty reciprocal tariffs until July 8, but kept a minimum 10% tariff on most countries bar China, which had its rate hiked to 145%.
\nHashlabs CEO Jaran Mellerud told Cointelegraph that while the 10% levy is much lighter than the initial tariffs, US miners are still at a \u201cclear disadvantage\u201d when it comes to purchasing mining machines, compared to competitors abroad.
\nHe said the baseline US tariffs aren\u2019t enough \u201cto make mining in the US unprofitable, but it definitely raises capital expenditure and will impact the long-term viability of new investments.\u201d
\n\u201cWe expect to see a short-term spike in machine imports as miners rush to get ahead of potential future tariff hikes,\u201d Mellerud added.
\nSource: Jaran MellerudA price hike on crypto mining rigs is already happening, Luxor Technology\u2019s chief operating officer Ethan Vera told Cointelegraph.
\n\u201cUS miners are still looking to purchase machines ahead of the potential further increase in 90 days. In addition, US-landed machines have run up in price, as have contracts with onshore assembly.\u201d
\nOn April 2, Trump\u2019s hiked tariffs placed levies on Thailand, Indonesia and Malaysia \u2014 countries home to three of the largest mining rig manufactures \u2014 at respective rates of 36%, 32% and 24%.
\nTariff instability will stunt US Bitcoin mining growth
\nMellerud said in an April 8 report, before the pause on the hiked tariffs, that Trump\u2019s levies could collapse US demand for mining rigs, to the benefit of non- US mining operations, as manufacturers will look outside the US to sell their surplus inventory for cheaper.
\nHe told Cointelegraph the now-lowered tariffs will offer some relief for US miners, but imposing the tariffs and then suddenly pausing them only added uncertainty to US Bitcoin mining firms looking to plan and scale.
\n\u201cWhat miners need is predictability and stable rules \u2014 not policy whiplash every few months.\u201d
\nLuxor\u2019s Vera said that the policy changes \u201cwill certainly hurt growth\u201d in the US.
\nRelated: Bitcoin hashrate tops 1 Zetahash in historic first, trackers show
\nVera said Luxor has even been forced to rethink its strategy and consider expanding into international markets for future expansion.
\nTrump pledged during his presidential campaign that he wanted all the remaining Bitcoin (BTC) to be \u201cmade in the USA.\u201dSeveral members of Trump\u2019s family have also partnered with Bitcoin mining firm Hut 8 to lead Bitcoin mining venture \u201cAmerican Bitcoin\u201d late last month. The venture aims to build the world\u2019s largest Bitcoin mining firm with strategic reserves.\u00a0
\nWhile the tariffs are broad in nature, the crypto mining industry simply isn\u2019t a \u201chigh priority\u201d for the Trump administration, Vera said.
\nTrump\u2019s tariffs have shaken up almost every market, including the crypto markets and Bitcoin, which is down 1.2% over the last 24 hours to $80,555, CoinGecko data shows.
\nBitcoin is now 26% off the $108,786 all-time high it set on Jan. 20 \u2014 the same day that Trump returned to the White House.
\nAsia Express: Illegal arcade disguised as \u2026 a fake Bitcoin mine? Soldier scams in ChinaRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsUS Bitcoin mining firms will try to capitalize on the Trump administration\u2019s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs will still… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126964"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126964"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126964\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126964"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}