Trump's Global Tariffs Impact Even Large Bitcoin Miners
Portfolio Pulse from
Recent global tariffs and market conditions have severely impacted Bitcoin mining profitability. The hashprice has dropped below $40/PH/s, pushing many mining companies into net-negative territory. Despite Bitcoin trading around $80,000, miners are struggling due to surging hashrate and plummeting transaction fees.
April 11, 2025 | 4:00 pm
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NEGATIVE IMPACT
Hut 8 Corp's new venture with Trump sons comes at a time of significant mining industry stress, potentially testing their strategic positioning.
The challenging mining environment with low hashprice and high operational costs could negatively impact Hut 8's new venture's near-term performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Bitcoin remains stable around $80,000 despite significant mining profitability pressures from global tariffs and increased network hashrate.
While mining profitability is challenged, Bitcoin's price remains relatively stable, indicating market confidence and potential short-term price neutrality.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100