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Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs
When US president Donald Trump announced sweeping tariff hikes in April, he set in motion a seven-day rush to bring goods into the country. Bitcoin miners elbowed their way to the front of the queue.
Although Trump's tariff deadline has since been repeatedly delayed, most recently to August 7, the initial announcement set in motion an almighty scrap spanning practically every time zone and every link in the supply chain. When Trump announced the hikes, mining companies whose pending hardware orders were not yet ready for collection had no choice but to brace for the additional cost or place shipments on hold in the hope that negotiations between the US and its trading partners might yield less punitive rates. Typical of global supply chains, whose elaborate theater is normally concealed from view, transporting bitcoin mining hardware across the world involves many steps and requires coordination between many parties.
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