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U.S. tariffs on Bitcoin mining hardware may shift global hashpower toward Russia and emerging markets.
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Luxor and BitFuFu warn that U.S. manufacturing will take years to scale.
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Firms are stockpiling machines, diversifying operations, and lobbying for tariff exemptions.
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Bitdeer plans to launch "Made in USA" miners later this year to mitigate risks.
Tariffs Reshape Global Bitcoin Mining Dynamics
President Trump’s aggressive tariffs on Bitcoin mining hardware could backfire, with industry experts warning that Russia stands to benefit the most.
Ethan Vera, COO of Luxor, said that rising costs from Asia-based hardware could drive miners and capital away from the U.S., toward regions like Russia, Canada, and Latin America.
Short-Term Scramble, Long-Term Restructuring
The industry responded quickly, with firms accelerating orders before tariff hikes. BitFuFu reported minimal impact so far, thanks to prior procurement of Antminer S21 units.
Bitdeer said it’s adapting with flexible sourcing strategies and plans to release its own U.S.-assembled mining machines later in 2025.
Onshoring Still Years Away
While there’s enthusiasm for U.S.-based manufacturing, Vera and others noted that reliance on Asian-sourced components means domestic production at scale is still years off. Meanwhile, Luxor is lobbying for a tariff exemption for mining ASICs.
Compliance and Customs Issues Mount
Recent customs seizures and allegations of underreporting ASIC values have added tension. Bitdeer, however, rejected claims of noncompliance and emphasized its adherence to U.S. laws.
