Mining firms also face higher competition for limited energy resources in the United States, mostly from AI companies flowing with corporate funding. New projections from the US Department of Energy indicate that by 2028, AI could consume the equivalent amount of electricity as 22 percent of US homes. “Miners have always been buying buyers. They are types of the vultures of the electric grid,” says Bendiksen. “The AI companies reject – they are just willing to pay more.”
The tariff raises alone are not enough to expel bitcoin miners from the United States; Compared to the price of energy, for example, the cost of import import of hardware has only a small impact on the feasibility of mining operation, claims Thiel. But as an aggravating factor in an already hostile environment, they are important.
“Typically, this kind of shock would lead to consolidation,” says Thiemo Fetzer, professor of economics at Warwick University, alluding to the rates. “A priori, one would expect a slaughter of small miners because of the increasing cost of equipment and a larger supply chain.”
Bitcoin -mining companies operating in the United States – including Tumultuous platforms,, Bitfarms,, Marine,, Coreweave,, Core scientific,, Cabin 8,, Went -energyAnd others-Jam shakes diversifying from the mining market, reissuing their facilities to accommodate AI training and high-frequency computing. Only a few large suits, such as CleansparkStay compromised with Bitcoin mining exclusively.
“Most miners throw the towel,” says Bendiksen. “I think many people went this route before the rates. But rates have probably confirmed the validity of that strategy.”
Some, among them MarineChooses to expand its mining operations to countries other than the United States, denying tariff risk. “Why do you want to have a lot of international business? It removes a one-bullet mode risk,” says Thiel. “I am a great believer that you have to have a chance as a bitcoin miner.”
Meanwhile, Bitmain and Microbt are creeping factory capacity in the United StatesPotentially destroying part of the value proposal – tariff immunity – currently pushing buyers to companies like Auradine. “We are actively investing in the United States, including manufacturing,” says GAO.
Currently, Bitcoin mining companies are in handle. Until the 90-day break on Trump’s new rates end in July, the scope of their financial impact will remain uncertain-and companies delay hardware decisions. “I think people are watching where things will go down the rates,” says Khemani.
On their face, Trump’s rates oppose their stated ambitions for the US Bitcoin mining industry, even as their own sons forge into the sector. “The rates are clearly destructive,” asserts Bendiksen.
To achieve both end-leading business to US-based Bitcoin mining manufacturers, while lending Bitcoin mining firms facing a damaging economy in the US-demanding that Trump pulls other levers to balance the impact of tariffs. One option would be to prioritize the construction of a new energy generation capacity, analysts say, creating an abundance that would theoretically cause a large input cost for Bitcoin mining.
The Trump administration claims that a raft of Recent Executive Orders Will be combined to reduce energy costs in the United States. But so far, the image on Earth-the depression of Bitcoin mining among US firms indicates that Trump’s message about the prospect of an all-American bitcoin is “basically just words,” says Bendiksen. “It just reflects on nationalist feelings.”
