US Crypto Miners: Tariff Chaos Sparks Rig-Buying Frenzy! 🚨

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In the land of the free, where Bitcoin dreams are forged, the Trump administration’s tariff pause has sent miners scrambling like ants at a picnic. 🐜💻 While the 10% baseline tariff remains a thorn in their side, the temporary reprieve has ignited a mad dash to stockpile mining rigs. Yet, as industry insiders whisper, the US remains at a “clear disadvantage” in this global game of digital gold rush. 🏴‍☠️

President Trump, ever the unpredictable maestro, paused his hefty tariffs until July 8, leaving a modest 10% levy on most countries—except China, which was slapped with a jaw-dropping 145% hike. 🇨🇳💥 Hashlabs CEO Jaran Mellerud, in a rare moment of candor, told CryptoMoon that while the 10% tariff is a far cry from the initial onslaught, it still leaves US miners gasping for air. 🌬️

“It won’t make mining unprofitable,” Mellerud mused, “but it’s enough to make accountants weep and investors think twice.” 💸 He predicts a short-term surge in machine imports as miners scramble to outpace future tariff hikes. 🏃‍♂️💨

Meanwhile, Luxor Technology’s Ethan Vera confirmed the inevitable: mining rig prices are already climbing. 📈 “US miners are snapping up machines like hotcakes,” he said, “and onshore assembly contracts are getting pricier by the day.” 🥞💸

“US miners are still looking to purchase machines ahead of the potential further increase in 90 days. In addition, US-landed machines have run up in price, as have contracts with onshore assembly.”

On April 2, Trump’s tariff hammer fell on Thailand, Indonesia, and Malaysia—home to three of the largest mining rig manufacturers—with rates of 36%, 32%, and 24%, respectively. 🌏🔨 Mellerud, in an April 8 report, warned that this tariff instability could collapse US demand for mining rigs, leaving non-US miners to feast on the surplus. 🍽️

Tariff Whiplash: The Silent Killer of US Bitcoin Mining

Mellerud lamented that the sudden pause in tariffs only added to the chaos, leaving US miners in a state of perpetual uncertainty. “What miners need is predictability,” he sighed, “not policy whiplash every few months.” 🎢

Vera echoed this sentiment, stating that the constant policy shifts “will certainly hurt growth” in the US. 🇺🇸💔 Luxor, he revealed, is now eyeing international markets for future expansion—a stark departure from Trump’s campaign promise to make all Bitcoin “Made in the USA.” 🇺🇸🔗

In a curious twist, several members of Trump’s family have partnered with Bitcoin mining firm Hut 8 to launch “American Bitcoin,” a venture aiming to build the world’s largest Bitcoin mining firm. 🏗️🌍 Yet, as Vera pointed out, the crypto mining industry remains a low priority for the Trump administration. 🎯

Trump’s tariffs have sent shockwaves through nearly every market, including crypto. Bitcoin, down 1.2% in the last 24 hours to $80,555, is now 26% off its all-time high of $108,786—set on January 20, the very day Trump returned to the White House. 🏛️📉

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2025-04-11 08:25