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Benzinga
Benzinga
Business
Murtuza J Merchant

US Tariffs On Asian Mining Rigs Slow Bitcoin Growth As Firms Eye Canada, Domestic Production

bitcoin mining

The U.S. Bitcoin mining industry is facing headwinds as new import tariffs on mining equipment from Southeast Asia go into effect.

What HappenedL Following the expiration of a 90-day tariff pause announced earlier this year, the Biden administration finalized reciprocal tariffs targeting ASIC mining hardware imports from key Southeast Asian countries, including Indonesia, Malaysia, and Thailand.

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