US crypto miners may rush to buy rigs in tariff pause despite ‘clear disadvantage’

Quick Summary:

He told Cointelegraph the now-lowered tariffs will offer some relief for US miners, but imposing the tariffs and then suddenly pausing them only added uncertainty to US Bitcoin mining firms looking to plan and scale.“What miners need is predictability and stable rules — not policy whiplash every few months.”Luxor’s Vera said that the policy changes “will certainly hurt growth” in the US.

The venture aims to build the world’s largest Bitcoin mining firm with strategic reserves. While the tariffs are broad in nature, the crypto mining industry simply isn’t a “high priority” for the Trump administration, Vera said.

He said the baseline US tariffs aren’t enough “to make mining in the US unprofitable, but it definitely raises capital expenditure and will impact the long-term viability of new investments.”“We expect to see a short-term spike in machine imports as miners rush to get ahead of potential future tariff hikes,” Mellerud added.

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Article Details

Author / Journalist: Cointelegraph by Brayden Lindrea

Category: Crypto

Markets: United StatesChinaIndonesiaMalaysiaThailand

Topics: Crypto Tariff Trump Cointelegraph Trump’s Mining Tariffs Mellerud Bitcoin Miners Rigs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 06:08:55 (5 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27783280

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Main Topics: Crypto

Official Website: cointelegraph.com

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