A false start on the road to an all -American bitcoin

Mining companies are also facing greater competition for limited energy resources in the United States, mainly from companies to thread with risk funding. New projections of the United States Department of Energy indicate that, by 2028, the IA could consume the Equivalent quantity of electricity such as 22 percent of US families. “The miners have always been poor buyers. They are a bit the vultures of the electrical network,” says Bendiksen. “Artificial intelligence companies are eliminating: they are only willing to pay more.”

Tariff excursions are not enough to drive away Bitcoin miners from the United States; Compared to the energy price, for example, the cost of a hardware import withdrawal has only a small impact on the profitability of an extraction operation, says Thiel. But as an aggravating factor in an already unfavorable environment, they count.

“In general, this type of shock would lead to consolidation,” says Thiemo Fetzer, professor of economics at the University of Warwick, referring to the rates. “A priori, one would expect a reduction of small miners due to the increase in the cost of equipment and the greater uncertainty of the supply chain.”

Bitcoin Mining companies operating in the United States, including Anti -Somamossa platforms, Bitpharms, Mara, Coreweave, Core scientific, Capanna 8, Iris EnergyAnd others, they are already climbing to diversify from the mining market, reworking their structures to host the formation of artificial intelligence and high -performance calculation. Only a few large clothes, such as CleansparkThey remain engaged in Bitcoin Mining exclusively.

“Most of the miners are throwing the towel,” says Bendiksen. “I think many people were going through this path before rates. But the rates have probably confirmed the validity of that strategy.”

Some, among these MaraThey are choosing to expand their mineral operations in countries other than the United States, canceling the tariff risk. “Why do you want to have a lot of international business? Eliminates the risk of single bolt regime,” says Thiel. “I am a great supporter of you, you must have the option as a Bitcoin miner.”

Meanwhile, Bitmain and Microbt are Increasing the production capacity in the United StatesPotentially eroding part of the value proposal – the immunity of the Targeff – pushing buyers to companies such as Auradine correctly. “We actively invest in the United States, including production,” says Gao.

For now, Bitcoin Mining companies are in a detention scheme. Until the 90 -day break on the new Trump rates ends in July, the scope of their financial impact will remain uncertain and companies are consequently delaying decisions on hardware contracts. “I think people are looking at where things will take off the rates,” says Khemani.

In the face, the Trump rates are in contrast with its ambitions declared for the Mineral industry of the United States Bitcoin, even if its children forge in the sector. “The rates are clearly destructive,” says Bendiksen.

To reach both ends, to guide business to Bitcoin mining hardware manufacturers based in the United States, while lending support for Bitcoin mining companies that face a deterioration of the economy in the United States-Trump would attract other levers to balance the impact of tariffs. An option would be to give priority to the construction of the new energy generation capacity, analysts say, creating an abundance that in theory would increase an important input cost for Bitcoin mining.

The Trump Administration states that a raft of recent executive orders It will be combined to reduce energy costs in the United States. But so far, the image on the ground-the weakening of the Bitcoin mines among the US-Indian companies that Trump’s message on all-American Bitcoin perspective is “basically only words”, says Bendiksen. “It is only to indulge the nationalist feelings.”