The Trump administration just rolled out new semiconductor tariffs—25% on advanced computing chips to be specific. Here's what matters for the crypto space: This directly impacts GPU and ASIC mining hardware costs, since major chip manufacturing relies on international supply chains. Mining operations will likely face higher equipment expenses, potentially shifting profitability calculus for mid-tier miners. Beyond mining, the tariff could ripple through node infrastructure costs and on-chain compute solutions that depend on advanced processors. While the stated reason is national security concerns on imports, the reality is this could reshape mining economics globally. Smaller operations might consolidate, while large-scale mining farms in regions with cheaper energy could gain competitive advantages. Worth monitoring how hardware manufacturers pass these costs downstream.