The post US Customs Ends Regulatory Hold-Up on Chinese Bitcoin Miners – Will This Impact BTC? appeared on BitcoinEthereumNews.com.

The US authorities reportedly released thousands of Bitcoin mining equipment seized last year; however, tens of thousands of units are still stuck.  Several reasons have been given for the seizure, including the reports that they contained AI chips from a now-restricted chip company. The US authorities have started releasing Chinese-made Bitcoin mining equipment that was seized last year. According to Taras Kulyk, the CEO and co-founder of crypto mining equipment broker Synteq Digital, thousands of pieces of equipment have been released. However, as many as 10,000 units are still stuck at various ports of entry. The Details of the Seizure For context, the U.S. Customs and Border Protection (CBP) seized multiple imports of Antminer ASICs in November last year. According to our research, this operation occurred across multiple ports, including San Francisco and Detroit. Interestingly, the request was allegedly made by the Federal Communications Commission (FCC). Based on reports, these agencies were not targeting ASIC manufacturers like MicroBT or Canaan. Instead, they were focused on the latest series of ASIC miners from Bitmain – Bitmain’s Antminer S21 and T21 series. Other sources also disclosed that this equipment contained AI chips from Sophgo, a now restricted chip company. Speaking on this, Luxor Technology’s Chief Operating Officer, Ethan Vera, disclosed that radio frequency emissions were spotted from the machines. Meanwhile, Kulyk believes that this was a deliberate ploy to disrupt the crypto market. Blockspace’s Will Foxley has also explained that this move was part of the decision to onshore most of the sensitive industries around Silicon. All these Bitcoin miners are using massive amounts of silicon, making massive amounts of units and importing them into the United States. The implication was that American mining firms were prevented from expanding their ASIC chips, which ultimately limited Bitcoin’s hash rate. Meanwhile, US President Donald…

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Filed under: News - @ March 7, 2025 7:23 am