“US Crypto Mining Is in Trouble” – Hashlabs Mining CEO Warns Tariffs Could Shift Global Hashrate Power

Trump’s new round of reciprocal tariffs could have an unintended effect on the crypto industry, especially for Bitcoin miners outside the US. As mining hardware costs rise stateside, international operators may benefit from lower equipment prices as manufacturers look to redirect unsold inventory. Hashlabs Mining CEO Jaran Mellerud says the shift could help expand non-US hashrate dominance. With some of the world’s largest mining rig producers hit by tariffs, this shakeup could trigger long-term consequences for the mining landscape.

Tariffs, Hardware Pricing, and Mining Impact

The Trump administration’s tariff policy is disrupting global Bitcoin mining economics. According to Hashlabs Mining CEO Jaran Mellerud, US-bound mining machines could now carry significantly higher price tags, making large-scale expansion financially unattractive for American firms. Meanwhile, manufacturers in countries hit by these new tariffs—such as Thailand, Indonesia, and Malaysia, may reroute excess inventory to other regions at discounted rates. This redistribution could give a competitive edge to miners in Europe, Latin America, or Asia, where hardware costs remain unaffected by tariffs. 

In such a cost-sensitive sector, even a modest price increase can erode profit margins and stall scaling efforts. Hashlabs Mining CEO believes the long-term confidence of US miners has been damaged. Even if the tariffs are rolled back, operators are unlikely to resume aggressive investment, especially given the unpredictability of policy. The US currently accounts for a large share of Bitcoin’s global hashrate, but future growth may now shift overseas. As the industry adapts, these geopolitical decisions could reshape the mining map for years to come. Let’s take a look at Bitcoin price prediction to see how this will impact the price of BTC.

Bitcoin Price Prediction for April 9, 2025

Bitcoin (BTC/USDT) is under heavy pressure, trading at $75,192 after a sharp sell-off from the $78,000 resistance zone. The price action shows a consistent rejection from lower highs, confirming strong bearish momentum. Bitcoin price is approaching a key support area near $74,700, which has held in previous sessions. A breakdown here could accelerate losses toward $73,000. RSI sits deep in the oversold territory at 25.30, suggesting the market is stretched to the downside and may soon attempt a relief bounce. 

Chart 1: Analysed by vallijat007, published on TradingView, April 9, 2025

However, sellers remain firmly in control. MACD continues its bearish crossover with widening histogram bars, reinforcing the downward trend. Resistance zones have shifted lower, with $77,000 now acting as the first major barrier for bulls. If buyers fail to step in soon, the risk of further downside increases. For now, Bitcoin remains in a clear short-term downtrend, and bulls need a strong reversal above $77,000 to regain any momentum. Until then, caution is warranted as price flirts with critical support.

Miners Outside the US May Gain, but Uncertainty Looms

Trump’s tariff policy may unintentionally shift the Bitcoin mining balance. With rig prices expected to rise sharply in the US, non-US miners could benefit from discounted hardware as manufacturers redirect excess inventory abroad. However, the broader message is clear: policy unpredictability is now a major operational risk. Even if tariffs are reversed, the damage to long-term confidence is done. As global miners reposition, the industry may see a slow but steady redistribution of hashrate away from the US.