Close Menu
Global News HQ
    What's Hot

    Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video

    June 9, 2025

    Federal agents clash with anti-deportation protesters in LA

    June 9, 2025

    These ‘Ugly’ Solar Lights Will Instantly Transform the Vibes of Your Backyard—and They’re Just $30

    June 9, 2025
    Recent Posts
    • Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video
    • Federal agents clash with anti-deportation protesters in LA
    • These ‘Ugly’ Solar Lights Will Instantly Transform the Vibes of Your Backyard—and They’re Just $30
    • Morocco Arrests Mastermind Behind Recent French Crypto-Related Kidnappings
    • Xbox Games Showcase 2025: all the news and trailers
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video
    • Federal agents clash with anti-deportation protesters in LA
    • These ‘Ugly’ Solar Lights Will Instantly Transform the Vibes of Your Backyard—and They’re Just $30
    • Morocco Arrests Mastermind Behind Recent French Crypto-Related Kidnappings
    • Xbox Games Showcase 2025: all the news and trailers
    • Unlock Business Growth by Encouraging Customers to Complain for Valuable Feedback
    • Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?
    • Catching Falling Knives? Smart Strategies for Buying Stocks in a Downturn. | The Motley Fool
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Crypto Miners See Relief as Thousands of Seized Units Are Released
    Cryptocurrency & Blockchain

    Crypto Miners See Relief as Thousands of Seized Units Are Released

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Crypto Miners See Relief as Thousands of Seized Units Are Released
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Recent developments suggest a thaw in US enforcement actions against Chinese-manufactured cryptocurrency mining equipment.

    After months of detainment at ports, thousands of units are now being released.

    Partial Release of Seized Equipment

    According to a Reuters report, US authorities have recently begun releasing previously seized Chinese-manufactured cryptocurrency mining equipment. Taras Kulyk, CEO of Synteq Digital, a mining equipment brokerage firm, stated that thousands of units have now been released; however, as many as 10,000 had been delayed at various ports.

    Kulyk suggested that internal opposition within US Customs and Border Protection (CBP) may have contributed to the initial seizures and described it as an attempt to create difficulties for the industry. The seizures began late last year, as reported by CryptoPotato, due to concerns over radio frequency emissions and potential violations of trade restrictions. In addition to Bitmain’s Antminer, mining equipment from MicroBT and Canaan were also detained.

    Industry reports indicate that some detained equipment contained chips from Sophgo, a Chinese semiconductor company facing trade sanctions due to its alleged role in facilitating transactions between Taiwan’s TSMC and the blacklisted telecom giant Huawei.

    Ethan Vera, chief operating officer at Luxor Technology, confirmed that while some shipments have been cleared, the majority remain held. Both Vera and Kulyk dismissed concerns over radio frequency emissions as unfounded. The situation unfolds amid ongoing trade tensions between the US and China, with Washington maintaining strict controls over technology exports and imports involving Chinese firms.

    Not All Shipments Are Free

    The release of some equipment marks a shift in enforcement actions that have affected cryptocurrency miners reliant on Chinese-made hardware. Sophgo’s blacklisting in late 2023 was part of broader measures targeting firms suspected of aiding Huawei in circumventing US sanctions.

    While the release of mining equipment signals some movement in policy, the fate of the remaining detained shipments remains uncertain.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



    Source link

    Bitcoin mining Bitmain
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleThis Hotel in the Swiss Alps Is Near Europe’s Highest Suspension Bridge, and It Has a Rooftop Infinity Pool With Stunning Mountain Views
    Next Article How Freepik Transformed From a Stock Image Platform Into a Generative AI Powerhouse – Decrypt

    Related Posts

    Morocco Arrests Mastermind Behind Recent French Crypto-Related Kidnappings

    June 9, 2025

    Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?

    June 9, 2025

    Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation

    June 8, 2025

    ‘Bitcoin Family’ revamps security after crypto crime wave

    June 8, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Technology & Gadgets
    1 Min Read

    Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video

    The ROG Xbox Ally was revealed during the Xbox Games Showcase and we just went…

    Federal agents clash with anti-deportation protesters in LA

    June 9, 2025

    These ‘Ugly’ Solar Lights Will Instantly Transform the Vibes of Your Backyard—and They’re Just $30

    June 9, 2025

    Morocco Arrests Mastermind Behind Recent French Crypto-Related Kidnappings

    June 9, 2025
    Top
    Technology & Gadgets
    1 Min Read

    Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video

    The ROG Xbox Ally was revealed during the Xbox Games Showcase and we just went…

    Federal agents clash with anti-deportation protesters in LA

    June 9, 2025

    These ‘Ugly’ Solar Lights Will Instantly Transform the Vibes of Your Backyard—and They’re Just $30

    June 9, 2025
    Our Picks
    Technology & Gadgets
    1 Min Read

    Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video

    The ROG Xbox Ally was revealed during the Xbox Games Showcase and we just went…

    Finance & Investment
    4 Mins Read

    Federal agents clash with anti-deportation protesters in LA

    Law enforcement officers clashed with protesters in Los Angeles for a third day after President…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version