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Mining companies are also faced with increased competition for limited energy resources in the United States, mainly rinking companies with venture capital funding. The new projections of the American energy department indicate that, by 2028, the AI could consume the equivalent quantity of electricity that 22% of American households. “The minors have always been disjointed buyers. They are in a way the vultures of the electricity network, ”explains Bendiksen. “AI companies are to overcome – they are simply ready to pay more.”
Tariff hikes alone are not enough to hunt bitcoin minors from the United States; Compared to the price of energy, for example, the cost of a material import tax has only a small impact on the viability of a mining operation, says Thiel. But as an aggravating factor in an already unfavorable environment, they count.
“As a general rule, this type of shock would lead to consolidation,” explains Thiemo Fetzer, professor of economics at the University of Warwick, referring to prices. “A priori, we could expect a slaughter of small minors due to the increase in the cost of equipment and the greater uncertainty of the supply chain.”
Bitcoin extraction companies operating in the United States, including Riot platforms,, Bitfarms,, Mara,, Core,, Scientific core,, Chet 8,, Iris energyAnd others – are already relaxing to diversify on the mining market, to rework their facilities to accommodate AI training and high performance IT. Only a few large outfits, such as CleaningStay attached to Bitcoin exploitation exclusively.
“Most minors throw in the towel,” says Bendiksen. “I think many people take this path before the prices. But the prices have probably confirmed the validity of this strategy. ”
Some, among them MaraChoose to extend their mining operations in countries other than the United States, canceling the pricing risk. “Why do you want to have a lot of international businesses?” This eliminates the risk of single food diet, ”explains Thiel. “I am a big believer in you must have an optionality as a bitcoin minor.”
Meanwhile, Bitmain and Microbt are accelerate manufacturing capacity in the United Statespotentially eroding part of the value proposal – the immunity of the price – currently pushing buyers to companies like Auradine. “We actively invest in the United States, including manufacturing,” explains Gao.
For the moment, Bitcoin extraction companies are in a maintenance pattern. Until the 90 -day break on Trump’s new prices ended in July, the extent of their financial impact will remain uncertain – and businesses therefore delay the decisions to supply equipment. “I think people look at where things go back on the prices,” says Khemani.
On their face, Trump’s prices disagree with his ambitions declared for the Bitcoin United States mining industry, even if his own sons get into the sector. “The prices are clearly destructive,” says Bendiksen.
To reach both ends – to lead business to manufacturers of Bitcoin extraction from the United States based, while helping support for bitcoin extraction companies faced with deterioration of the economy in the United States – would have forced Trump to shoot other levers to balance the impact of prices. An option would be to prioritize the construction of new energy production capacities, according to analysts, creating an abundance which, in theory, would lower a major cost of entry for Bitcoin exploitation.
The Trump administration claims that a raft of recent executive orders will combine to reduce energy costs in the United States. But so far, the image in the field – the priority of Bitcoin exploitation among American companies – indicates that Trump’s message on the prospect of an entirely American Bitcoin is “fundamentally just words,” says Bendiksen. “It’s just a landing for nationalist feelings.”
