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 equivalent tariffs, and domestic mining companies in the United States may not be optimistic about the tariffs because they are directly affected by imported mining machines from Asia. Mitchell Askew, Chief Analyst at Blockware Solutions, a mining as a service company, said, "Tariffs have a huge impact on Bitcoin mining companies, and it is expected that the supply of overseas mining machines will be squeezed, thereby increasing demand for domestic mining machines. If combined with the rise of BTC, ASIC mining equipment prices may increase by 5 to 10 times like in 2021 Blockware CEO Mason Jappa also stated that tariffs will have a significant impact on the Bitcoin mining industry. He pointed out, "Currently, most Bitcoin mining server imports come from Malaysia/Thailand/Indonesia, and mining machines that have already arrived in the United States will become more valuable Some Bitcoin mining companies have been racing to import mining machines before the US imposed tariffs. Lauren Lin, the hardware manager of Luxor Technology, a Bitcoin mining software company, said she even hopes to charter a plane to transport the mining machines into the US. （Cointelegraph）