Close Menu
GeekBlog

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Apple TV Plus has quietly pulled its new show about domestic extremism

    September 23, 2025

    Arctic Rivers Are Turning an Eerie Orange, and This Might Be Why

    September 23, 2025

    Internet Data Caps Explained: How to Avoid Overages and Find Unlimited Plans

    September 23, 2025
    Facebook X (Twitter) Instagram Threads
    GeekBlog
    • Home
    • Mobile
    • Reviews
    • Tech News
    • Deals & Offers
    • Gadgets
      • How-To Guides
    • Laptops & PCs
      • AI & Software
    • Blog
    Facebook X (Twitter) Instagram
    GeekBlog
    Home»Tech News»Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs
    Tech News

    Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs

    Michael ComaousBy Michael ComaousAugust 6, 2025No Comments3 Mins Read0 Views
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    For companies importing goods from Southeast Asia, like Luxor, the timing of Trump’s announcement was particularly unhelpful, coinciding with Eid, the public holiday celebrated at the end of Ramadan. Initially, Luxor’s attempts to arrange collection went unanswered. In some cases, says Berschel, “factories had lines of trucks in front of them.” But eventually, in light of the circumstances, the warehouse agreed to prepare the hardware shipment.

    “We had to call a lot of people on the supply chain side to allow us to pick up,” says Lin. To arrange a collection at a few days’ notice, in the middle of a public holiday, would normally be “almost impossible,” she says. “That never happened before this news broke.”

    On April 3, Luxor began to bid for a charter plane for the $12 million order, which was large enough to fill a jet. Lin set up camp at the client’s office, so she could directly relay messages from the freight forwarder, which was negotiating with air carriers.

    As the day progressed, the quotes for charter planes continued to rise. Each time Luxor’s client lodged a bid, another party came in over the top, and the negotiation cycle started over. “We had a very short window to make a decision. I don’t think it’s the norm to need to make a multimillion-dollar decision within such a short time window,” says Lin.

    By midnight, Lin had ironed out a final $1.76 million bid, she says. But by the morning of April 4, she claims, the bid had been gazumped—prices had risen to $3.5 million. According to Sealion Cargo, prices for some types of air freight peaked at 10 times the regular rate in the first week of April.

    Luxor and its client gave up on the plan to charter a plane.

    Meanwhile, at the cargo terminals of some major airports in Southeast Asia, things had begun to unravel.

    “It was absolute chaos,” says Berschel, who traveled to Thailand, Malaysia, and Singapore to monitor the progress of shipments. “There was so much cargo at the terminals, to actually get cargo through the terminals, through the x-ray scanners, and by the side of the aircraft was a challenge in itself,” he says.

    At Suvarnabhumi Airport in Bangkok, Berschel recalls, the buildup of pallets had created a logjam. With little available dock space, truckers were hauling boxes from their vehicles toward the airport terminal. Police officers were on hand to control the swelling crowds. “It was kind of like a concert, but a concert for cargo,” says Berschel.

    In the disorder, even importers that had managed to secure passage on departing planes risked missing the opportunity to load their cargo as they struggled to get it past the logjam to the aircraft. “The chance of missing an aircraft, missing a loading window,” says Berschel. “There were so many situations where we were down to literally minutes.”

    Airports of Thailand, which manages Suvarnabhumi Airport, did not respond to a request for comment.

    On April 8, Vlad Siniavsky sat in his office in Montreal awaiting the arrival of his final pieces of cargo and calculating how much money he had lost. Siniavsky is the founder of AsicXchange, another bitcoin mining hardware trading company caught in the tariff scramble.

    Beat Bidding Bitcoin Charter Miners Planes Raced tariffs Trumps Wars
    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Previous ArticleYou should skip the new Kindle Colorsoft for this reason alone
    Next Article I found Amazon’s secret Fire TV Stick I bet you never knew existed
    Michael Comaous
    • Website

    Related Posts

    2 Mins Read

    Apple TV Plus has quietly pulled its new show about domestic extremism

    3 Mins Read

    Arctic Rivers Are Turning an Eerie Orange, and This Might Be Why

    8 Mins Read

    Internet Data Caps Explained: How to Avoid Overages and Find Unlimited Plans

    1 Min Read

    5 cool ways your iPhone’s lock screen just got more customizable with iOS 26

    3 Mins Read

    People in Arizona will soon need to prove their age to access adult sites – and critics warn of privacy risks

    3 Mins Read

    Why One VC Thinks Quantum Is a Bigger Unlock Than AGI

    Top Posts

    8BitDo Pro 3 review: better specs, more customization, minor faults

    August 8, 202529 Views

    What founders need to know before choosing their exit at Disrupt 2025

    August 8, 202516 Views

    Grok rolls out AI video creator for X with bonus “spicy” mode

    August 7, 202514 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    8BitDo Pro 3 review: better specs, more customization, minor faults

    August 8, 202529 Views

    What founders need to know before choosing their exit at Disrupt 2025

    August 8, 202516 Views

    Grok rolls out AI video creator for X with bonus “spicy” mode

    August 7, 202514 Views
    Our Picks

    Apple TV Plus has quietly pulled its new show about domestic extremism

    September 23, 2025

    Arctic Rivers Are Turning an Eerie Orange, and This Might Be Why

    September 23, 2025

    Internet Data Caps Explained: How to Avoid Overages and Find Unlimited Plans

    September 23, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest Threads
    • About Us
    • Contact us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    © 2025 geekblog. Designed by Pro.

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