In a rapidly changing landscape, Bitcoin miners are bracing for significant challenges as they navigate the implications of former President Trump's global tariffs, which are set to impact a wide array of mining equipment and related technologies. Before April 9 of this year, miners were reportedly spending between $2 million and $3.5 million on chartered flights as they scrambled to secure the necessary equipment ahead of the looming tariff changes. Many miners have drawn parallels between these new tariffs and Chinas drastic mining ban enacted in 2021, highlighting the precarious position they find themselves in amidst fluctuating trade policies.

According to Ethan Vera, COO of Luxor, the situation is chaotic. Vera stated in a recent episode of the

www.coindesk.com
2025-04-10
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Marco Rinaldi