Opinion: Trump's tariffs may cause short-term losses for US Bitcoin mining companies

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ODAILY
04-04
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Report: Trump's newly announced trade tariffs may bring additional pressure to the global Bitcoin mining ecosystem. Kristian Csepcsar, Chief Marketing Officer of BTC mining technology provider Braiins, stated that high-end chips used for crypto mining are currently mass-produced in Asian countries/regions, which have been hit by tariffs. The United States would need ten years to catch up in advanced chip manufacturing, potentially causing domestic mining companies to incur short-term losses. On the other hand, some countries, including Russia and Kazakhstan, have been strengthening their mining efforts and may potentially surpass the United States in hash rate dominance. (Cointelegraph)

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