US Bitcoin miners dey face ASIC tariff wahala as IREN pass MARA
US Bitcoin miners dey face new 100% tariffs on imported ASIC rigs after President Trump talk am, even though Chinese manufacturers get plan to build US operations. CleanSpark and IREN don get Customs notice wey talk say some Chinese-origin imports from April 2024 to early 2025 fit make dem owe $185 million and $100 million respectively. Mining difficulty don reach record 129.44 trillion as BTC price climb from about $94,500 to nearly $123,000 for July, wey make block-reward profits for US Bitcoin miners better. For July production, IREN become new monthly champion with 728 BTC mined, pass MARA wey get 703 BTC. Q2 earnings show say MARA revenue up 64% to $238.5 million and profits of $808.2 million, Riot Platforms double revenue to $153 million, and CleanSpark come turn to $257.4 million profit. Other miners report mixed results because of heatwave curtailments and strategic asset shifts. Traders suppose dey watch how tariff liabilities and rig supply wahala go pressure miner stocks short-term. Long term, push for US-based ASIC manufacturing fit make operations stable and reduce import risk.
Bearish
Di ting fo retroactive ASIC tariffs an the ongoing Customs probe dey bring plenty uncertain cost for US Bitcoin miners. Historically, tariff shocks—wey dem put on Chinese equipment for 2018—cause supply bottlenecks, high rig prices, an temporary slow down for production. For short term, miner stocks fit face selling pressure as traders dey factor in multi-hundred-million-dollar liabilities an possible profit drop. For long term, making US-based ASIC assembly bigger fit reduce import risk an support stable margins, but the transition go need quarters to happen. Overall, the immediate market reaction likely go be bearish because of the increased regulatory an cost risks.