Trump Tariffs Threaten Bitcoin Mining, Could Shift Global Hashrate

The recent implementation of new tariffs by President Trump could significantly impact the global Bitcoin mining landscape. Hashlabs Mining CEO Jaran Mellerud argues that these tariffs might lead to a decline in US demand for Bitcoin mining rigs, prompting manufacturers to offload surplus inventory outside the country at lower prices. This shift would likely benefit mining operations in countries without tariffs like Finland, potentially increasing their share of Bitcoin’s overall hashrate.