American bitcoin, a bitcoin (BTC) mining company, supported by family members of US President Donald Trump, used a choice for buying 17,280 application-specific integrated circuit (ASIC), hardware from Bitman from Bitman earlier this month.
The mining company bought a fleet of 16,299 Antminer U3S21EXPH units from Bitman, which was purchased for approximately $ 314 million, for about $ 314 million, according to 14.02 exhalation (EH/s) of computing power. Stagnation,
The deal also excluded any possible value increase from the broad trade tariffs and import duties of the Trump administration, which would affect the Bitman mining hardware manufactured in China.
In response to tariff pressure, Bitman announced that it would open its first ASIC production facility in the US by the end of the year. The company also plans to open an headquarters in Florida or Texas.
Trade tariffs and other macroeconomic pressures have created a tension at all levels of the bitcoin mining supply chain, as miners and hardware manufacturers equally adjust their economic calculations in response to shifting financial landscapes.
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Mining industry responds to trade tariffs and economic uncertainty
Tariff has motivated major mining hardware manufacturers to consider transferring at least one part of their operations to avoid slaping import taxes on their products.
All bitcoin mining is manufactured by three manufacturers of more than 99% of hardware: Bitman; Microbat; And according to Canaan, Study Published by Cambridge University.
Bitman is the world’s largest mining hardware manufacturing company, with a widespread difference, with a total market share of about 82%.
The Trump administration’s strategy to use business tariffs to bring back manufacturing in the US is found with mixed reactions.
Critics say policies are long -term inflation and can backfire. BTC Mining Company Haslabes CEO Jaran Melerud said that the increase in price from tariffs could cause a decline in demand for American miners.
Asic manufacturers will then have inventory, without demand, which they can export to other countries at cheap prices, Melrud Said,
This will run mining in other countries, contrary to the Trump administration’s target to resume the crypto industry in the United States and will place a competitive loss to American miners.
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