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Trump tariffs hurt bitcoin mining profits; many companies in the red

2025/04/14 06:38
CoinPost
Written by Lewis Kikutani
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Trump tariffs hurt bitcoin mining profits; many companies in the red
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  1. Serious blow to the BTC mining industry?

Serious blow to the BTC mining industry?

The global tariff policy of US President Trump is also having a serious impact on the Bitcoin (BTC) mining industry. Following the announcement of the tariffs, the market turned to widespread selling, and the hash price, which indicates mining profitability, fell below $40/PH/s. According to a report by BlocksBridge Consulting released on the 10th, this is the lowest level since September 2024, and it is a tough development even for large-scale miners.

The Trump administration announced a 90-day suspension of the tariff policy on the 10th of this week. The market showed some rebound, but the hash price remained at around $42/PH/s...

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MAGAZINE

Iolite Vol.13

May 2025 issueReleased on 2025/03/28
Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.