Trump tariffs may lower Bitcoin miner prices outside US, potentially benefiting non-US operations

From Cointelegraph
April 08, 2025 9:14 pm:

The Trump administration’s tariffs may lead to a collapse in US demand for Bitcoin mining rigs, benefiting non-US operations. Manufacturers are expected to lower prices outside the US, potentially increasing Bitcoin’s total hashrate. Bitmain, MicroBT, and Canaan moved to countries hit hard by the tariffs in the past. The US accounts for nearly 40% of the network’s hashrate despite the tariffs.

The tariffs imposed by Trump could increase the cost of mining rigs in the US, making operations financially unsustainable. A future reversal of the tariffs may not restore confidence in US crypto mining operators due to the unpredictability of policy shifts. The US could lose a significant share of the hashrate as the path to expansion becomes uncertain. Bitcoin prices have dropped 4% in the last 24 hours due to the impact of Trump’s tariffs.

Read more at Cointelegraph: Trump tariffs could lower Bitcoin miner prices outside US, says mining exec