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Stock impact report

U.S. Bitcoin Miners Face Delays and Rising Costs as 2,000 Bitmain Mining Rigs Held Up in Customs [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
2 min read U.S. Bitcoin Miners Face Delays and Rising Costs as 2,000 Bitmain Mining Rigs Held Up in Customs U.S. mining companies are facing significant delays in receiving Bitcoin mining equipment from Bitmain due to tighter scrutiny from U.S. Customs and Border Protection (CBP). These delays, which started in November 2024, have left shipments of application-specific integrated circuits (ASICs) stuck at U.S. ports. The increased inspections come as a result of growing trade tensions between the United States and China. Industry executives say U.S. Customs has been inspecting nearly all airlifted mining machines, adding to the logistical headaches for mining companies. Several mining operations have been directly affected. For example, New York-based Bit Digital has had 700 mining rigs delayed for weeks, while an Oklahoma-based mining firm has seen 2,000 rigs held up in customs. The problem has been compounded by a 10% tariff on Chinese imports that took effect on Feb. 1, rais Show less Read more
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