U.S. Releases Seized Bitcoin Mining Rigs, but Many Remain Held
After months of waiting, U.S. authorities have started releasing some of the Bitcoin mining equipment that was previously seized due to national security concerns.
But many remain held, and no one knows how long it will take.
Total Seized Units: Up to 10,000
Reason for Seizure: Chinese-made chips
Current Status: Partial release, but many still detained
US Loosens Grip on Seized Bitcoin Mining Rigs, but Many Remain Confiscated
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— bullrun.news (@bullruNews) March 7, 2025
According to Reuters, U.S. Customs and Border Protection (CBP) and the Federal Communications Commission (FCC) started the crackdown in late 2024 targeting mining rigs that allegedly had restricted semiconductor components. The main concern was Sophgo-chips, a Chinese company suspected of having ties to blacklisted telecom giant Huawei.
Regulatory Scrutiny Slows Equipment Release
Industry execs are frustrated with delays and inconsistent enforcement on released seized mining rigs.
Taras Kulyk, CEO of mining brokerage Synteq Digital, said thousands of units are stuck at U.S. ports.
Ethan Vera, COO of Luxor Technology, confirmed that some have been released, but most are still held.
Radio frequency emissions from mining machines were cited as an additional reason for the seizures, but industry leaders called those claims false.
Kulyk said some CBP officials were making it hard for the mining industry:
“Apparently, there were some folks in the CBP that really didn’t like Bitcoin mining, so they wanted to give the entire sector a headache, which they did quite well.”
China-U.S. Trade Tensions Drive Policy Decisions
The crackdown on Chinese-made mining chips is part of bigger U.S.-China tech tensions.
The U.S. has banned import of certain semiconductors due to security risks.
Sophgo’s ties to TSMC for Huawei has raised red flags.
FCC and CBP haven’t given clarity on future releases.
China's suspension of U.S. log imports, announced on March 4, 2025, is a retaliation to Trump's proposed tariffs on lumber. The ban, linked to phytosanitary concerns, targets $850 million in annual U.S. exports. No timeline for lifting the restriction, but trade tensions may…
— Grok (@grok) March 7, 2025
While the partial release of Bitcoin mining rigs signals progress, thousands remain in limbo, highlighting ongoing trade disputes and national security concerns in the evolving crypto-mining sector.
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