U.S. Tariffs Raise Liabilities for Bitcoin Miners

Akinyemi Okedeji Amoo

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Published Aug 20, 2025

2 min read

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Summary

Sharp increase in U.S. tariffs impacts CleanSpark, IREN with massive liabilities, threatening mining sector competitiveness.

U.S. tariffs on Bitcoin mining rigs increased sharply in August 2025, affecting companies like CleanSpark and IREN, creating major liabilities and impacting the country’s economic competitiveness.

These tariff hikes prompt U.S. mining companies to explore international options, challenge economic viability, and potentially shift global Bitcoin mining dynamics.

In August 2025, U.S. tariffs on Bitcoin mining rigs increased, impacting economic competitiveness of the sector. CleanSpark and IREN reported massive liabilities due to Customs and Border Protection actions, questioning the origin of imported equipment.

CleanSpark, led by Zachary Bradford, faces $185 million in potential liabilities from alleged tariff violations. “The Company believes the CBP allegation of Chinese origin on its imported miners to be without merit and intends to defend against these charges vigorously.” IREN, under Daniel Roberts, contests $100 million in disputes due to similar claims. Both companies rely heavily on Bitmain Antminer units.

21.6% Tariffs Force Miners to Consider Relocation

The increased tariffs may disrupt the global hash rate and Bitcoin profitability as major miners reconsider their operational strategies. Governments and investors are closely monitoring how these policies will realign the global mining landscape.

Industry experts, including Ethan Vera, highlight the increased tariff’s impact, making the U.S. a less competitive market for Bitcoin mining. “At 21.6% tariffs, the U.S. is now one of the least competitive jurisdictions to bring machines in, and miners are looking at Canada and other markets to expand too.” With 21.6% tariffs imposed, miners are evaluating relocation possibilities to markets like Canada for better prospects.

Mining Companies Face Shift Due to Historical Tariff Patterns

The tariff increase mirrors past U.S.-China tensions affecting mining equipment imports. Historical rates reached up to 145% for Chinese-origin rigs, causing operational shifts. These parallels suggest possible migration of mining facilities offshore to mitigate risks.

Experts believe the current tariffs could lead to reduced U.S. mining capabilities. Like past incidents, these economic conditions may cause a shift of hashpower abroad, elevating domestic mining costs and impacting global Bitcoin market dynamics.

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