The price of ASIC mining machines in the United States may rise by 5-10 times due to tariffs, and mining companies are accelerating imports to deal with the crisis
Trump's introduction of a series of tariffs has thrown the market into chaos. Industry experts believe that domestic crypto mining companies in the United States may be affected because they are directly affected by the price of imported mining machines from the Asian market or will rise. Mitchell Askew, chief analyst at Blockware Solutions, said that due to the squeeze of overseas supplies and the rise in bitcoin prices, the price of bitcoin mining companies purchasing ASIC mining machines may increase by 5-10 times. The company's CEO Mason Jappa also said that tariffs will have a significant impact on the bitcoin mining industry, as most of the US mining machine imports come from Malaysia/Thailand/Indonesia.
At present, domestic mining companies in the United States have begun to accelerate imports to deal with the crisis. Lauren Lin, head of hardware at bitcoin mining software company Luxor Technology, revealed that ideally, they may choose to charter a plane to transport mining machines to the United States.