Analyst Warns Tariffs Could Push US Bitcoin Mining Build Costs 20% Higher
Benzinga (Mon, 07-Apr 2:39 PM)
Needham analyst John Todaro warns that materials costs for high-performance computing (HPC) capital expenditures and core infrastructure at U.S. Bitcoin mining sites are set to rise by roughly 20%, driven largely by newly imposed tariffs.
Most Bitcoin mining machine manufacturers rely heavily on Asia for production.
Also Read: KULR Adds $8 Million In Bitcoin, Growing Total To BTC Worth $50 Million
Given the soft demand for mining rigs today, manufacturers likely eat some tariffs but already operate on thin margins.
According to Todaro, Bitdeer sells machines at $15/th. He estimated that it produces around $11/th.
Recently, the company cited soft demand from private miners as they delayed delivery to customers on most prior orders (the company can retain the 20% deposit, however).
Here are Todaro’s estimates for tariff impacts across his complete coverage universe:
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