6-8-2025 – U.S. Bitcoin miners are preparing for a significant industry slowdown as new White House tariffs on Southeast Asian mining equipment take effect today, pushing total import taxes on ASIC machines to 21.6% from Indonesia, Malaysia, and Thailand.

Luxor Technology COO Ethan Vera said that the reciprocal tariffs have already decreased U.S. customer demand, with mining hardware now being redirected to countries like Canada that offer more favorable import conditions. The tariff structure has effectively made the United States one of the least competitive markets globally for importing Bitcoin mining equipment.

The policy shift is forcing American miners to reconsider expansion plans, with many now exploring opportunities in Canadian markets and other jurisdictions with lower barriers to equipment imports. Vera warned that if the tariffs continue to disrupt supply chains, Russia could emerge as a major beneficiary in the global mining landscape.

The development comes as U.S. Bitcoin mining operations had been experiencing growth following China’s 2021 mining ban, which initially shifted hashrate to American facilities. The new trade barriers threaten to reverse some of those gains by making equipment procurement significantly more expensive for domestic operators.