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Derek Andersen
5 hours ago


BITMAIN ANTMINER DELIVERIES HELD AT US PORTS BY CUSTOMS AGENCY

US miners are waiting for their miners but a branch of Homeland Security won’t
let them take them.

2623 Total views
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The United States  Customs and Border Protection Agency (CBP) is holding up the
delivery of some Bitmain Antminer application-specific integrated circuits
(ASICs) at US ports of entry. Some US miners have been waiting for their Chinese
mining equipment for two months already, according to a report.


CHARGING TO HOLD UP DELIVERIES

Seven unnamed US Bitcoin mining companies have reported problems with their
shipments, Blockspace reported on Nov. 25. The ASICs are being held at several
ports of entry and some ASICs have been held for two months already.

Bitmain Antminer S21 and T21 series ASICs — the latest models — are subject to
the delivery freeze. The mining companies affected by the freeze said the CBP,
an enforcement branch of the Department of Homeland Security, was acting on a
request of the US Federal Communications Commission Agency.

One company said the CBP was charging a holding fee for 200 ASICs it was waiting
to receive. The bill has exceeded $200,000, it said.

Another company said CBP Advanced Targeting Unit (ATU) personnel “at certain
ports of entry related to the holds.” The ATU identifies high-risk travelers,
cargo, and conveyances on behalf of the agency.

Source: Blockspace Media

Related: Bitcoin miner Cipher buys 37K Bitmain Antminers for $99.5M


A TANGLED WEB OF SANCTIONS?

A company suggested to Blockspace that the delivery freeze was related to
Bitmain-relate chip designer Sophgo, which is caught up in a US Department of
Commerce investigation in October after chips like the ones it ordered in Taiwan
were found in a Huawei AI processor. Huawei has been under US sanctions since
2019.

ASICs from other Chinese manufacturers are not being held by the CBP, according
to the publication.

An Antminer S21 on offer from Bitmain. Source: Bitmain

The Bitmain Antminer T21 began shipping in January of this year. China supplies
98% of all chips used in crypto mining. China-based Bitmain has set up offices
in other countries to avoid tariffs and has been accused of dumping and price
cutting to undermine US chip producers.

Chinese-owned companies also mine Bitcoin (BTC) in the United States, since the
Chinese government cracked down on crypto mining in China in 2021.

Magazine: How Chinese traders and miners get around China’s crypto ban

Explore more articles like this

Subscribe to the Law Decoded newsletter

Arm yourself with the latest on crypto laws and guidelines to make smart choices
for your crypto ventures. Delivered every Monday


Subscribe

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 * #Bitcoin
 * #China
 * #Bitcoin Mining
 * #United States
 * #ASIC
 * #Regulation
 * #Policy


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