TechFlow news — On February 13, according to Bloomberg, U.S. cryptocurrency mining companies are facing delays in receiving new equipment, possibly due to the China-U.S. trade war. Several industry executives said recent shipments of equipment from Beijing-based Bitmain Technologies to U.S. customers have been delayed due to enhanced inspections by U.S. Customs and Border Protection.
The timing of these delays coincides with the U.S. Department of Commerce's January decision to add Bitmain’s AI subsidiary, Xiamen Sophisticated Technology Co., to its blacklist. The Department accused the company of "advancing Beijing’s goals for domestic production of advanced chips under government direction." This situation is now affecting the competitiveness and profit margins of U.S. mining firms.
