Bitcoin mining operations in the US are absorbing a 47 percent increase in deployment costs after Section 232 tariffs on steel, aluminum, and copper stacked on top of an existing 21.6 percent duty on ASIC miners from Southeast Asia, pushing competitive advantage toward mining operations in Kazakhstan, Russia, and other tariff-exempt jurisdictions. Summary A flagship Antminer S21 XP now carries roughly $1,600 in Section 232 metals duties on top of the existing 21.6 percent ASIC reciprocal tariff, bringing the combined tariff burden to approximately 47 percent before any other import…
Bitcoin mining costs surge 47% on US tariffs
