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"Bitcoin Miners Face U.S. Trade War Hurdles: Delays, Tariffs, and Blacklists"

Coin WorldThursday, Feb 13, 2025 8:08 am ET
1min read

Bitcoin miners in the United States are facing disruptions in their operations due to the ongoing trade war with China. According to industry executives, customs officials have been tightening checks on shipments from Bitmain, the top supplier of Bitcoin mining rigs, leading to delays in deliveries.

Beijing-based Bitmain dominates the market for specialized mining rigs, but its deliveries to U.S. clients have been slowed down by increased scrutiny. Nuo Xu, founder of China Digital Mining Association, confirmed that U.S. Customs has started randomly inspecting almost all of the airlifted Bitcoin mining machines since about three months ago.

New York-based Bit Digital said 700 of its mining rigs were delayed by a few weeks. An Oklahoma-based operation has 2,000 rigs stuck in customs, a person familiar with the matter said. Luxor Technology’s Ethan Vera noted that shipments "with Bitmain miner labels" were among those being targeted. The situation could worsen, as a 10% tariff on Chinese imports took effect on Feb. 1, adding to the costs of new machines.

Bitmain's supply chain headaches are happening just as its co-founder, Zhan Ketuan, is under pressure from U.S. authorities over his AI company, Sophgo. The firm got blacklisted in January for allegedly helping China's chip industry and working with Huawei. Zhan's move into AI didn't sit well with everyone at Bitmain, as some executives weren't thrilled about shifting focus away from mining hardware. The blacklist also hit Sophgo hard, cutting it off from key suppliers like Taiwan Semiconductor Manufacturing Company. Despite all this, Bitmain announced plans for a new U.S. facility in December, but they're keeping the location under wraps.

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bnabin51
02/13
$TSM good buy Leader One to own BUY BUY BUY
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WoodKite
02/13
@bnabin51 How long you planning to hold $TSM? Any specific target in mind?
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rubiyan
02/13
@bnabin51 I had $TSM once, sold too early. Regretted it when it soared. FOMO hits hard.
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destroyman26
02/13
$TSM How r u guys 🤡😂😂😂😂🤣🤣🤣
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sobfreak
02/13
$TSM added
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krogerCoffee
02/13
$TSM time to sell. Good news or bad news. Get rid of it before it's too late. Let this drop to 100 so I can buy and hold
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Hoshigetsu
02/13
$TSM stacking more 💪🏼💰
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racoontosser
02/13
Tariffs biting into miners' profits hard now.
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Haardikkk
02/13
10% tariff makes new gear pricier. Pass the cost on to users or absorb it, miners?
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whatclimatecrisis
02/13
@Haardikkk Absorb it? That's rough.
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Serious_Procedure_19
02/13
@Haardikkk Pass the cost on, maybe.
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PunchTornado
02/13
U.S. Customs playing hardball. Delays = missed profits. Who's still holding $BTC despite this chaos?
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magenta_placenta
02/13
U.S. Customs playing hardball. Random checks slow the game. 🤔
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jstanfill93
02/13
Mining margins thinning. How long before operations become unprofitable?
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mmmoctopie
02/13
Zhan's AI hustle bites him hard. Lessons in diversification, folks.
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CrisCathPod
02/13
@mmmoctopie Diversification's a gamble.
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r2002
02/13
Trade wars hit where it hurts—wallets. Miners gotta adapt or get left behind. 🚀
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serenitybybowie
02/13
@r2002 What do you think miners should do?
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West-Bodybuilder-867
02/13
@r2002 Totally, trade wars are rough.
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highchillerdeluxe
02/13
Delays mean opportunity? Maybe grab discounted mining rigs while you can.
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dypeverdier
02/13
@highchillerdeluxe How long you thinking of holding these discounted rigs? Any specific stocks or predictions in mind?
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Anklebreakers10
02/13
Bitmain's got U.S. plans but keeping it on the down low? Sneaky.
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CommonEar474
02/13
Bitmain's got AI drama, but miners need hardware. Priorities, folks!
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