CandleFocus US customs reportedly stalling Bitcoin miner shipments amid crackdown
2025-02-13
Author: Content Editor
US-based crypto miners are experiencing delays in receiving ASIC mining hardware from China's Bitcoin due to increased scrutiny from US Customs and Border Protection. Shipments of Bitmain machines have been held up, likely due to the US Commerce Department's blacklisting of Xiamen Sophgo Technologies, an AI firm associated with Bitmain. These delays are happening amidst escalating trade tensions between the US and China. Bitmain, which controls 90% of the global market for Bitcoin mining rigs, has been subject to US tariffs since 2018. The recent tariffs announced by President Donald Trump could further complicate the situation for miners reliant on Bitmain machines. The increased regulatory pressure also poses a threat to Bitmain's dominance as competition from other companies grows. Bitmain has launched a domestic production line in the US to counter import-related challenges.
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