The tariffs imposed by the Trump administration may significantly affect the market for mining equipment in the US and abroad.
Impact of Tariffs on Equipment Prices
Hashlabs Mining CEO Jaran Mellerud stated that upcoming tariffs might lead to a sharp decline in demand for Bitcoin mining rigs in the US.
'As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,' Mellerud noted. He added that manufacturers will need to lower prices to offload excess stock.
Consequences for American Miners
Mellerud emphasized that a 22% increase in rig prices could render certain operations financially unfeasible. He indicated that if a rig initially costs $1,000, it could rise to $1,240 in the US after tariffs. 'Meanwhile, in Finland and most other countries, there are no tariffs, so the cost of a $1,000 machine remains unchanged,' he stated.
Long-Term Prospects
Mellerud argued that even if tariffs were rolled back, confidence in long-term planning has already been shaken. 'Few will feel comfortable making major investments when critical variables can change overnight,' he said. He added that while the US currently accounts for 40% of Bitcoin's total hashrate, the path to expansion has become 'steep and uncertain.'
Trump's tariffs present a significant challenge for the US Bitcoin mining market, impacting prices and investor confidence.
