Bitcoin miners in the U.S. will be directly affected by the new import tariffs announced by President Donald Trump on April 2, according to industry experts.

Most cryptocurrency mining equipment is currently imported from Malaysia (new tariff rate — 24%), Thailand (36%), and Indonesia (32%), noted Mason Jappa, founder and CEO of Blockware Solutions.

This is going to have a major impact on the Bitcoin Mining industry, most of the current Bitcoin Mining Server imports were coming from Malaysia / Thailand / Indonesia. Rigs already landed in the USA will become more valuable. @BlockwareTeam

The new U.S. tariffs:

China — 34%…
— Mason Jappa (@Mason_Jappa) April 2, 2025

“Mining rigs already delivered to the U.S. will become even more valuable,” he stated.

BitMars General Manager Summer Man added China to the list, where the tariff is set at 54%. She emphasized that all factories of the leading mining equipment manufacturer, Bitmain, will be affected.

According to estimates by The Mining Pod, the China-based company controls about 80% of the ASIC miner market. Another 7% is held by its Chinese competitor, MicroBT, whose facilities are also located in the same affected regions.

Both companies had previously announced plans to open production lines in the U.S., but the scale of these operations remains unclear. Additionally, chips for the rigs are still imported from overseas.

Blockware Solutions analyst Mitchell Eskew described the tariff consequences as “huge.” He believes the tariffs will reduce imports, which will, in turn, drive up domestic demand.

Tariffs have MASSIVE implications for Bitcoin Miners.

Except off-shore supply to get squeezed, increasing demand for on-shore miners.

If this is coupled with a BTC run we could see ASIC prices rip 5 to 10x like they did in 2021.

See this slide from the @BlockwareTeam 2025… https://t.co/IZk6dIa3xW pic.twitter.com/Y16uEJM7i5
— Mitchell ✝️🇺🇸 (@MitchellHODL) April 2, 2025

“If this coincides with a rise in BTC prices, we could see ASIC miner prices jump 5–10 times, just like in 2021,” Eskew stated.

Some equipment suppliers are rushing to take last-minute advantage of the current tariff conditions, Bloomberg reports. Lauren Lin, head of hardware at Luxor Technology, has less than 48 hours to ship 5,600 mining rigs from Thailand to the U.S.

“Right now, we’re just trying to navigate the situation. Ideally, we could charter a flight to deliver the devices. We’ll try to be as creative as possible to get them out,” she commented.

She added that mining hardware accounts for a significant portion of miners’ costs, and a more than 20% increase in equipment expenses will have a serious impact on business profitability.

Synteq Digital CEO Taras Kulyk believes the announced tariffs will “stifle further growth” in the sector.

“If the new import tariffs affect key components, North American mining operators will face higher capital expenditures. This will put additional pressure on an already cooling market,” said Wolfie Zhao, head of research at TheMinerMag.

It is worth recalling that during his election campaign, Trump branded himself as the “crypto president,” promising to make the U.S. the world’s capital of digital assets and to provide strong global support for the mining industry.