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Bitcoin Miners Scramble to Import Gear Before Tariffs Hit
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With the latest round of global trade policies rolling out, miners are scrambling to import rigs. From China, Malaysia, Thailand, and other regions ahead of the steep costs.
The clock is ticking, and some large mining firms aren’t taking any chances. To stay ahead, they’re chartering cargo flights costing $2 million to $3.5 million each. It may sound like a high price to pay, but with tariffs expected to soar as high as 104%, it’s a case of “spend now or pay big later.”
Bitcoin Miners Stock Up Before Tariffs Drive Prices Higher
In the first quarter of 2025 alone, the U.S. has already brought in more than $860 million worth of mining gear. And with miners working overtime to stock up before the new rules kick in, that number is only going to climb. These incoming tariffs are part of a broader push by the U.S. to tighten global trade, especially with key manufacturing countries. For the Bitcoin mining industry, which relies heavily on specialized hardware made overseas, the move feels like a punch to the gut.
Industry experts estimate that once the new tariffs take effect, mining equipment prices could jump by 22% to 36%. For an industry already facing pressure from rising electricity costs and a recent halving event that cut block rewards, this added expense could be the straw that breaks the camel’s back for smaller operations.
To cope with the new round of U.S. global tariff policies, Bitcoin miners are accelerating the importation of mining equipment from China, Malaysia, Thailand, and other regions before the tariffs take effect. Some large mining companies are even chartering flights at costs…
— Wu Blockchain (@WuBlockchain) April 9, 2025
Meanwhile, bigger players with deeper pockets are doing everything they can to stay ahead. By importing now, they not only avoid hefty tariffs but also build a buffer of equipment that can keep them competitive while others may have to scale back.
More About Bitcoin Mining
Pakistan is planning to utilize its surplus electricity by allocating part of it to Bitcoin mining and AI data centers. This initiative aims to transform excess energy into economic opportunities, addressing challenges like high electricity tariffs and overcapacity in the energy sector.
JUST IN:
Pakistan plans to allocate part of its surplus electricity to #Bitcoin mining, Reuters reports. pic.twitter.com/j1WTriVvw8
— Bitcoin Magazine (@BitcoinMagazine) April 9, 2025
The government is in discussions with various mining firms, and the locations for mining centers will be determined based on regional excess power availability
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April 10, 2025 at 07:49AM
April 10, 2025 at 07:50AM
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