The US Bitcoin mining industry is facing potential disruptions following President Donald Trump's recent announcement of a tax that will impose a minimum 10% tariff on all imports starting April 5.

Bitcoin Mining Industry Braces for Fallout as Trump Tariffs Affect Supply Chains

In addition, Thailand and Malaysia, key players in the Bitcoin mining equipment supply chain, will face customs duties of 36% and 24%, respectively, starting April 9.

Many major Bitcoin mining companies operate in the United States, but their supply chains are concentrated in Asia. Bitmain, the largest Bitcoin mining hardware manufacturer based in Beijing, has production facilities in Indonesia, Malaysia, and Thailand.

Lin, a hardware manager at US-based Bitcoin mining software and services company Luxor Technology, said he had to rush 5,600 Bitcoin miners from Thailand to the US within 48 hours to avoid upcoming tariffs.

The sudden policy changes have prompted mining companies to rethink their strategies. Increased import costs for mining equipment could increase operating costs, which could impact the Bitcoin network hashrate and overall mining profitability in the US.

With trade tensions escalating, the long-term impact on Bitcoin mining operations and supply chain stability remains uncertain.

*This is not investment advice.

Source: cryptonews.net