INSUBCONTINENT EXCLUSIVE:
tariffs imposed on China by US President Donald Trump
Tariffs currently stand at 25% on products imported from China, after previously exceeding 100%.An April study by the University of
Cambridge shows that Bitmain is responsible for 82% of Bitcoin (BTC) ASIC production, MicroBT for 15%, and Canaan about 2%, giving the three
companies a combined 99% share of the global market.Mining hardware distribution by manufacturer chart
demand for Bitcoin mining rigs.According to Mellerud, the tariffs would benefit mining operations outside the US, as manufacturers would
look to sell their surplus inventory abroad at a lower cost
Still, with a booming US Bitcoin industry, these companies have opted to enter the country as a way to mitigate the economic impact of the
tariffs.It remains to be seen whether US-based production will be able to produce Bitcoin mining ASICs at a price comparable to those made
in China.Magazine: China threatened by US stablecoins, G7 urged to tackle Lazarus Group: Asia Express
