CoinDesk Podcast Network THE MINING POD: The Impact of Trump’s Tariffs on BTC Miners and the Evolution of Mining Containers w/ Scot Johnson
May 20, 2025
Scot Johnson, from Digital Shovel, is a Canadian expert in Bitcoin mining containers and electrical infrastructure. He delves into the impact of Trump’s 10% tariffs on mining operations, discussing how his company is adapting with plans for US assembly. The conversation highlights the innovative Gen 3 container design and the upcoming Blue Ax home miner, launching at an attractive price. Johnson also emphasizes the advantages of Canadian hydroelectric power and the need for advancements in mining technology to stay competitive.
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Digital Shovel's Origin Story
- Digital Shovel started by hacking shipping containers and evolved to building everything in-house.
- They manufacture complete Bitcoin mining data centers, including circuit boards and electrical infrastructure.
Niche Focus Beats Broad Spectrum
- Entrenched electrical manufacturers have high margins, leaving room for specialized Bitcoin mining infrastructure providers.
- Digital Shovel focuses on modular, application-specific products scaled by client needs instead of broad-spectrum.
Prepare for Tariff Unpredictability
- The 10% Trump tariff significantly impacts business costs but the bigger problem is market unpredictability.
- Companies should keep extra cash reserves to weather tariff and market uncertainties.