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Trump Tariffs May Slash Bitcoin Miner Prices Outside the US, Says Mining CEO

Trump Tariffs May Slash Bitcoin Miner Prices Outside the US, Says Mining CEO

Trump Tariffs May Slash Bitcoin Miner Prices Outside the US, Says Mining CEO

The Trump administration’s new global trade policies could lead to a significant drop in Bitcoin miner prices for buyers outside the United States, according to a leading mining executive. As manufacturers struggle to offload inventory initially meant for the US market, international miners may benefit from cheaper mining rigs.

Jaran Mellerud, CEO of Hashlabs Mining, predicts that Bitcoin miner prices in the US will surge due to tariffs, while falling elsewhere as suppliers seek alternative buyers.

How Bitcoin Miner Prices Could Reshape Bitcoin Mining Economics

On April 2, former President Donald Trump announced sweeping “reciprocal tariffs” impacting nearly every country. Key Bitcoin mining hardware manufacturers—based in Thailand, Indonesia, and Malaysia—now face tariffs of 36%, 32%, and 24%, respectively.

Mellerud explains that these tariffs will drastically reduce US demand for mining rigs, forcing manufacturers to sell excess inventory elsewhere at lower Bitcoin miner prices.

“As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,” Mellerud stated. “Manufacturers will be left with excess stock originally intended for the US market. To offload this surplus, they’ll likely need to lower Bitcoin miner prices to attract buyers in other regions.”

US Miners Face Higher Costs, While Global Competitors Gain an Edge

A mining rig priced at 1,000couldnowcost1,240 in the US after tariffs—a 22% increase. In contrast, countries like Finland, with no tariffs, would still pay the original price.

“In an industry as cost-sensitive as Bitcoin mining, a 22% price increase on machines can make operations financially unsustainable,” Mellerud warned.

Bitcoin miner prices
Credit:  Jaran Mellerud

This shift could accelerate Bitcoin mining expansion outside the US, redistributing the global hashrate. Currently, the US contributes nearly 40% of Bitcoin’s total hashrate, but Mellerud believes this dominance could weaken if Bitcoin miner prices remain inflated domestically.

Long-Term Uncertainty for US Bitcoin Miners

Even if tariffs are reversed, Mellerud argues that the damage to investor confidence is already done.

“Few will feel comfortable making major investments when critical variables can change overnight,” he said.

Miners who initially welcomed Trump’s return—expecting regulatory stability—are now facing the consequences of sudden policy shifts. While US-based operations won’t shut down immediately, future growth is now “steep and uncertain,” potentially leading to a decline in the country’s hashrate share.

Market Impact: Bitcoin Price Reacts to Tariff News

The announcement of Trump’s tariffs has added volatility to crypto markets. Bitcoin (BTC) dropped 4% in 24 hours, trading at 76,470 at presstime—down 30108,786.

As the mining industry adjusts, Bitcoin miner prices will be a key factor in determining where the next wave of mining expansion occurs. For now, non-US miners stand to benefit from potential discounts, while American operators face rising costs and uncertainty.

Key Takeaways:

  • Bitcoin miner prices may drop outside the US due to excess inventory.
  • US miners face a 22% price hike on rigs, hurting profitability.
  • Global hashrate distribution could shift away from the US.
  • Market uncertainty persists as Bitcoin reacts to tariff news.

With Bitcoin miner prices becoming a critical factor in mining economics, the industry’s future may increasingly depend on trade policies and global supply chain dynamics. Stay glued to The Bit Gazette for the latest crypto news and expert analysis.

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