Mining companies also face greater competition for limited energy resources in the United States, mainly from the AI companies, with company funding. The new projections of the United States Department of Energy indicate that by 2028 the AI could consume the equivalent amount of electricity as 22 percent of north -American households. “Miners have always been unpleasant buyers. They are a kind of electric network vultures,” says Bendiksen. “AI companies are coming out: they are ready to pay more.”
Single fare excursions are not enough to expel Bitcoin miners outside the United States; Compared to the price of energy, for example, the cost of a hardware import only has a small impact on the viability of a mining operation, says Thiel. But, as an aggravating factor in an already unfavorable environment, it matters.
“Typically, this type of shock would involve consolidation,” says Thiemo Fetzer, a professor of economics at Warwick University, in reference to rates. “A priori, a large number of small miners would be expected due to the increase in the cost of the equipment and the greater uncertainty of the supply chain.”
Bitcoin mining companies operating in the United States, including Riot platforms, Bitfarms, Mara, Coreweave, Scientific, Hut 8, Iris energyAnd others are already overflowing to diversify from the mining market, re-elaborating their facilities to adapt to AI formation and high-performance computer science. Just a few big dresses, like Cleansparkremain committed to the Bitcoin mining exclusively.
“Most miners are throwing in the towel,” says Bendiksen. “I think a lot of people went down this route before the rates. But probably the rates have confirmed the validity of this strategy.”
Some, including MaraThey choose to expand their mining operations in different countries in the United States, denying the fare risk. “Why do you want to have a lot of international business? Eliminates the risk of the bullet regime,” says Thiel. “I am a great believer in which you have to have optionality as a miner bitcoin.”
Meanwhile, bitmain and micrbet are increase the capacity of manufacture in the United StatesPotentially eroding part of the value proposition – maritime dimination – actively pushing buyers to companies like Auradine. “We actively invest in the United States, including manufacturing,” says Gao.
For now, Bitcoin mining companies are in a retention pattern. Until the 90 -day break on Trump’s new rates is completed in July, the extent of its financial impact will remain uncertain, and companies delay hardware recruitment decisions accordingly. “I think people look at where things will find about the rates,” says Khemani.
On the face, Trump’s rates disagree with their Ambitions declared for the United States Bitcoin Mining Industry even as their own children Forge in the sector. “The rates are clearly destructive,” says Bendiksen.
To achieve both ends, to boost business to Bitcoin Hardware Manufacturers based on the United States, while supporting Bitcoin mining companies are facing the economy deteriorating to the United States, they would require Trump to call other levers to balance the impact of rates. An option would be to prioritize the creation of the new energy generation capacity, according to analysts, creating an abundance that in theory would reduce a significant entry cost for Bitcoin mining.
Trump administration claims 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 dispiorization of the Bitcoin mining among American companies-indicates that Trump’s message on the perspective of Bitcoin all American is “basically only words,” says Bendiksen. “It’s just putting in contact with nationalist feelings.”
