Bitcoin miners in the United States fear that 36 % of the customs tariff “destroy” a prosperous industry will irritate

When China erupted in the encryption industry in 2021, many bitcoin miners created a store in the United States instead. This step has resulted as a mixture of cheap energy and deep capital markets witnessed We will become the leader of the world In the production of Bitcoin, after the election of the pro -Carbuto President Donald Trump, the future of American miners seemed brighter than ever. In April, all of this changed.

This is because, even when the United States took the initiative of production, American miners continued to rely heavily on Asia -machine machines – machines that are now undergoing large definitions of up to 36 % as Trump aims to strangle external imports.

Most bitcoin mining machines are produced in the United States in Southeast Asia in countries like ThailandMalaysia and Indonesia. According to the Trump tariff policy – which was scheduled to enter into force on April 9, but has since been developed 90 days stopped– These countries face a tariff ranging from 24 % to 36 %. Meanwhile, 10 % year is still in place.

Ethan Vera, the company’s chief operational officer, Ethan Vera, said, said. luck. He says the customs tariff by 36 % on these “Palmyra” machines is the return of his company to invest.

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Most bitcoin mining occurs in the United States in GeorgiaWith Texas and New York closely follow up. These operations are costly for mining companies that spend most of their money on updating the machines and electricity they require to operate. One of the largest players in this field, Mara Holdings, has about 400,000 Bitcoin miners and produced 9,430 Bitcoin Last year, at a value of more than $ 796 million at current prices. Vera said that adding 36 % to the current price of mining machines, which ranges between $ 4,000 and $ 5,000, would make the margins of narrow industry more narrow.

“These machines will never return the capital if there are another 36 %,” he said. “The margins are very narrow.”

Trump made many promises to the encryption industry on the campaign trail, including his pledge to ensure that all the remaining bitcoin currencies are extracted in the United States, his victory in the elections, in turn, on a wave of optimism about encryption in the United States on a wider scale – one of which guarantees the largest sons of President Trump launching their own mining project Bitcoin called the American.

However, the president’s amazing tariff policy now may have an opposite effect.

Since investors expect the effects of huge definitions on the industry, the mining companies circulating publicly feel pain. While the S&P 500 has decreased by 8 % since April 2, when Trump initially announced a collective tariff plan, index This tracks the price of shares in the largest mining companies has decreased by 12 %.