The post US crypto miners struggle with equipment delays because of Trump appeared on BitcoinEthereumNews.com.

Bitcoin mining operations across the United States are stalled as thousands of mining rigs sit locked in customs warehouses due to a blacklist targeting Bitman, a major Chinese supplier that makes 90% of all Bitcoin mining rigs. The delays are hitting public mining companies, private companies, and independent operators, cutting profits and threatening mining efficiency. Bitmain’s shipments to the US have slowed to a crawl. The US Commerce Department blacklisted Bitmain’s AI affiliate, Xiamen Sophgo Technologies, in January, accusing it of advancing China’s domestic chip production goals. Naturally, that triggered increased scrutiny from US Customs and Border Protection (CBP), which began holding shipments for weeks, demanding extra documentation, and imposing heavy fees on delayed hardware. Customs crackdowns block shipments The situation is hitting small and large mining firms alike. In Oklahoma, a 20-megawatt mining operation has 2,000 rigs sitting in limbo as customs officials slow-walk approvals. In New York, Bit Digital Inc. reported that 700 machines were delayed, though CEO Sam Tabar reportedly called the delay “minor” compared to their full operation. Seattle-based Luxor Technology’s Chief Operating Officer, Ethan Vera, confirmed that customs is specifically targeting Bitmain shipments. “Shipments with Bitmain miner labels are among those being inspected,” he said. For mining companies waiting on new equipment, delays mean lost revenue, higher costs, and stalled expansion plans. On top of that, customs inspections come with a price. CBP charges holding fees based on how long shipments remain in their custody. Some miners are being billed up to $500,000 in penalties, according to Vishnu Mackenchery, Director of Global Logistics at Compass Mining. Meanwhile, Trump already imposed a 25% tax on imported Chinese mining rigs by classifying them as “data processing machines,” and on February 1, he added another 10% tariff on all Chinese imports, pushing costs even higher. The total weight…

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Filed under: News - @ February 13, 2025 5:25 pm