隨著美國 - 中國貿易戰的繼續前進，比特幣礦工適應了策略

比特幣礦工正在改編其業務策略，因為美國與中國之間的貿易戰爭使能源價格和政策更加不確定。

The ongoing trade war between the US and Canada has placed a spotlight on energy prices and policies, leading Bitcoin miners to adjust their business strategies accordingly.

美國和加拿大之間正在進行的貿易戰爭使能源價格和政策成為人們關注的焦點，導致比特幣礦工相應地調整其業務策略。

As reported by Bloomberg, US President Donald Trump's threat to double his tariffs on steel and aluminum from 25% to 50% led to the government of the province of Ontario walking back its plan to increase the cost of power exports to the US.

正如彭博社報導的那樣，美國總統唐納德·特朗普（Donald Trump）對鋼鐵和鋁製的關稅從25％增加到50％的威脅導致安大略省政府走了撤回其計劃，以增加向美國的電力出口成本。

Earlier, Ontario Premier Doug Ford had promised to further increase the surcharge or even "shut off the electricity completely" following a series of provocations by the US administration. However, he appears to have softened his stance, at least for the time being.

此前，安大略省總理道格·福特（Doug Ford）承諾在美國政府進行了一系列挑釁之後，將進一步增加附加費，甚至“完全關閉電力”。但是，至少暫時存在他的立場，他似乎已經軟化了立場。

The trade war may have reached a lull, but some crypto firms are looking ahead at possible policy changes in order to protect their growth.

貿易戰可能已經停滯不前，但是一些加密貨幣公司正在尋找可能的政策變化，以保護其增長。

Energy price hikes in the US

美國的能源價格上漲

Ben Ganon, the CEO of Canadian Bitcoin mining firm Bitfarms, pointed out that the recent energy price hikes, had they gone through, were unlikely to affect his firm's business.

加拿大比特幣礦業公司Bitfarms的首席執行官Ben Ganon指出，最近的能源價格上漲，如果他們經歷了，就不太可能影響其公司的業務。

Bitfarms' operations are mostly in Quebec and British Columbia, both of which boast significant hydroelectric capacity in relation to the total provincial energy mix. Ontario, by comparison, is "not as robust of an energy market. And over the last several years, they've really taken a big push on cutting back on baseload capacity."

Bitfarms的業務主要在魁北克和不列顛哥倫比亞省，兩者都具有與省級能源總和有關的顯著水力發電能力。相比之下，安大略省“在能源市場中並不那麼強大。在過去的幾年中，他們確實在削減基本負載能力方面做出了巨大的努力。”

But even though Bitfarms' situation may look solid, Ganon said that the tariffs "have implications for what policy and regulatory frameworks are going to look like in the future."

但是，即使Bitfarms的處境看起來很紮實，Ganon表示，關稅“對將來的政策和監管框架有影響。”

According to him, his firm wants to see "greater access to electricity markets" as well as fewer regulations on setting up a new business or new power applications.

據他介紹，他的公司希望看到“更大的電力市場訪問權限”，以及關於建立新業務或新電力應用程序的規定。

Energy policy has been a contentious area of debate in Canadian politics, with critics accusing the Liberal government — now led by Prime Minister Mark Carney — of harming the Canadian economy with their strategies to lower emissions.

能源政策一直是加拿大政治中辯論的一個有爭議的領域，批評家指責現在由總理馬克·卡尼（Mark Carney）領導的自由黨政府以降低排放的策略來損害加拿大經濟。

Ganon added: "The opportunities that are present in the United States are also present in Canada. And I think that this will all resolve itself and end up in a much more deregulated and smooth and efficient market because for years it's been tied up in regulatory red tape."

加農補充說：“美國也存在的機會也存在於加拿大。我認為，這一切都會自行解決，最終在一個更加放鬆，平穩和高效的市場中，因為多年來，它一直在監管繁文tape節中捆綁在一起。”

How would a Bitcoin miner benefit from tariffs?

比特幣礦工如何從關稅中受益？

Tariffs on goods such as steel, aluminum, and other industrial products — intended to encourage domestic production in the US— also impact Bitcoin miners, with some effects being unexpectedly beneficial.

鋼鐵，鋁和其他工業產品（旨在鼓勵在美國的國內生產）等商品的關稅也影響了比特幣礦工，其中一些影響意外有益。

While Ganon noted that miners can’t control the Bitcoin price, they can control their electricity costs. "One of the ways that we can do that is we can look for pockets of energy that are underutilized, that used to power heavy industry, which has been outsourced to other countries over the last 20 or 30 years."

儘管加農指出，礦工無法控制比特幣價格，但他們可以控制其電力成本。 “我們可以做到的一種方法是，我們可以尋找未充分利用的能量，這些能量過去可以為重型產業提供動力，而重工業在過去20或30年中已將其外包給其他國家。”

According to Ganon, Bitfarms has assets in Pennsylvania — a "Rust Belt" state heavily affected by the outsourcing of American steel and metals industries. His firm's assets could soon be in high demand if the US manufacturing industry were to come back from the dead.

根據Ganon的說法，Bitfarms在賓夕法尼亞州擁有資產，這是一個受美國鋼鐵和金屬工業外包影響的“銹帶”州。如果美國的製造業從死裡復活，他公司的資產可能很快就會滿足需求。

"We've been investing heavily in this energy infrastructure which used to power aluminum smelters and steel refineries and all the stuff which was outsourced," Ganon said. "Now Bitcoin miners have these assets. And as the pendulum swings back to America, those assets are now in high demand."

加農說：“我們一直在這種能源基礎設施上進行大量投資，該基礎設施用來為鋁冶煉廠和鋼鐵煉油廠和所有外包的東西提供動力。” “現在比特幣礦工擁有這些資產。隨著擺動回到美國，這些資產現在需求很高。”

China tariffs squeeze Bitcoin mining hardware

中國關稅擠壓比特幣採礦硬件

Canadian miners like Bitfarms may be unconcerned for now, but Trump's tariffs on China have already begun to squeeze American crypto miners, who import hardware from China-based firms like Bitmain.

像Bitfarms這樣的加拿大礦工可能目前尚不關心，但是特朗普對中國的關稅已經開始擠壓美國加密貨幣礦工，他們從像Bitmain這樣的中國公司進口了硬件。

According to Bloomberg, shipments of Bitcoin mining hardware from China to the US were experiencing significant delays as of February 2025. The delays reportedly were the result of the US blacklisting Bitmain's AI affiliate Xiamen Sophgo Technologies.

據彭博社報導，截至2025年2月，從中國到美國的比特幣採礦硬件的運輸正在經歷重大延誤。據報導，延誤是美國黑名單的Bitmain AI AI分支機構Xiamen Sophgo技術的結果。

Heavy customs fees for inspections of Bitmain-affiliated hardware have cost US miners up to $500,000, according to Vishnu Mackenchery, director of global logistics and services at Compass Mining Inc. New tariffs could make new imports of next-gen miners to the US "completely cost-prohibitive," stated Synteq Digital CEO Taras Kulyk.

Compass Mining Inc.全球物流和服務總監Vishnu Mackchery表示，對Bitmain附屬硬件進行檢查的大量海關費用使我們的礦工損失了高達50萬美元。

China-based mining hardware producers like Bitmain could set up operations in other countries to avoid US sanctions. During Trump's first term, when he imposed a 25% tax duty on a number of consumer electronic goods from China, many mining hardware producers moved to Malaysia, Indonesia and Thailand to avoid tariffs.

基於中國的採礦硬件生產商，例如Bitmain，可以在其他國家建立業務，以避免美國製裁。在特朗普的第一學期中，當他對來自中國的許多消費電子產品徵收25％的稅收稅時，許多采礦硬件生產商搬到了馬來西亞，印度尼西亞和泰國，以避免關稅。

Bitmain even announced it would launch a US production line in December 2024 to "provide faster response times and more efficient services to the North American customers." Bloomberg noted that the firm did not provide the exact location of its US line.

Bitmain甚至宣布將於2024年12月啟動美國生產線，以“為北美客戶提供更快的響應時間和更有效的服務”。彭博社指出，該公司沒有提供其美國線路的確切位置。

Trump's economic policies continue to be a mixed bag for the crypto industry. Wild fluctuations in trade policy and last-minute reversals have made the market difficult to predict. Elsewhere, the European Union has promised to impose counter-tariffs on the US,

特朗普的經濟政策仍然是加密貨幣行業的混合包。貿易政策和最後一刻逆轉的狂野波動使市場難以預測。在其他地方，歐洲聯盟已承諾對美國實施反競選活動，