Trump’s new tariff policy is poised to disrupt the U.S. Bitcoin mining industry, as China—the world’s biggest supplier of mining equipment—faces a steep 34% export tariff, putting pressure on American miners’ ROI….
Category: mining
MARA’s mining pool drives March surge in BTC production and rewards
MARA Holdings reported an increase in Bitcoin mining activity for March, producing 829 BTC and winning 242 blocks, a 17% rise from February. This marks the company’s third-highest monthly block count, according…
Bitcoin Mining Stocks Tumble Amid Wider Market Turmoil
Shares of the top publicly traded Bitcoin mining companies plunged on Thursday a day after U.S. President Donald Trump rattled markets by imposing global tariffs. American miners, including Hive Digital, CleanSpark, Riot…
Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global…
President Donald Trump’s Tariffs Hit Bitcoin Mining Too! Here Are the Details
The U.S. Bitcoin mining industry is facing potential disruptions following President Donald Trump’s latest tariff announcement, which will impose a minimum 10% duty on all imports starting April 5. Bitcoin Mining Industry…
US Crypto Mining in Crisis? How Trump’s Liberation Day Tariffs Could Shake the Industry
Later today, US President Trump will celebrate what he refers to as Liberation Day by continuing with a tariff policy to reduce American reliance on foreign products. Depending on the severity of…
Publicly Traded Bitcoin Miners Just Had Their Worst Month Ever: JP Morgan
Bitcoin miners continue to face challenges, with 14 top public companies in the space collectively having their worst month on record in March, according to investment bank JP Morgan. In a Tuesday…
‘we’ll build this business together’
Hut 8 CEO Asher Genoot discussed in a Bloomberg interview the logic behind the newly launched American Bitcoin venture. Genoot, speaking on Bloomberg TV in a joint interview with Eric Trump, said…