Cryptocurrency mining companies in the US are facing difficulties as the delivery of ASIC mining rigs from China is delayed due to increased inspections by the US Customs and Border Protection (CBP).
China - the leading producer of Bitcoin (BTC) mining rigs - is currently under strict supervision, significantly impacting the supply of equipment to the US market.
According to Bloomberg, many shipments of Bitmain mining rigs have been held up after the US Department of Commerce added Xiamen Sophgo Technologies Ltd., an affiliate of Bitmain, to the blacklist in January 2025 for allegedly supporting China's advanced chip technology ambitions.
Bitmain, the world's largest Bitcoin mining equipment manufacturer with a 90% market share, has been subject to import tariffs since 2018. On February 1, former President Donald Trump announced an additional 10% tariff on Chinese imports, further exacerbating the situation.
Nuo Xu, the founder of the China Crypto Mining Association, stated:
"The US Customs is currently inspecting almost all air-shipped mining rig consignments and requiring additional certificates of origin, causing significant delays."
Several US companies have been severely affected. For instance, a mining company in Oklahoma is struggling with 2,000 mining rigs being held up. Ethan Vera, the COO of Luxor Technology, confirmed that shipments bearing the Bitmain brand are the primary targets of the customs authorities.
Taras Kulyk, the CEO of Synteq Digital, warned:
"Additional tariffs will make the cost of importing new-generation equipment prohibitively high, forcing many mining projects to shut down."
Data from the CBP shows that the volume of Bitcoin mining rigs imported into the US in January 2025 has decreased by 65% compared to the same period last year. The shortage of new, competitively priced equipment poses a risk of weakening the long-term position of cryptocurrency mining companies in the US.
In response to these challenges, Bitmain has initiated domestic production in the US to mitigate risks and ensure a stable supply. The locally produced Antminer S21 Pro line is expected to help Miners improve efficiency and alleviate the current instability.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
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Thach Sanh
