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Trump’s New Tariffs Shake U.S. Bitcoin Mining Industry With President Donald Trump's recent tariff announcements, the Bitcoin mining industry in the United States is about to undergo a major upheaval. All imports will be subject to a 10% universal duty starting on April 5 and additional country-specific levies starting on April 9. Significantly, Thailand and Malaysia, two important hubs in the supply chain for Bitcoin mining hardware, will be subject to higher tariffs of 36% and 24%, respectively. ... cryptocurrency news

Bitcoin Hashrate Nears Record as Price Surge Lifts Miner Profits ​As of March 25, 2025, the Bitcoin network's computational power, or hashrate, has reached 837 exahashes per second (EH/s), approaching its all-time high. This surge aligns with Bitcoin's price increase to approximately $87,475, marking a 5.03% rise over the past week. ​hashrateindex.com The uptick in Bitcoin's value has positively impacted miners' earnings. The hashprice, representing the expected revenue per petahash per day, has risen... cryptocurrency news today

UAE Introduces VAT for Cryptocurrency Mining Services New guidelines for the application of Value Added Tax (VAT) to cryptocurrency mining operations have been released by the Federal Tax Authority (FTA) of the United Arab Emirates (UAE). Although mining cryptocurrencies for personal use is still VAT-free, services rendered to third parties will be liable to the usual 5% VAT rate. Explanations of Taxable Mining Operations The method of employing specialized computers, or "mining rigs... crypto news

US Dominates Over 40% of Global Bitcoin Hashrate in 2024 With more than 40% of the hashrate on the worldwide Bitcoin network by the end of 2024, the US has become a major player in the mining industry. This indicator, which shows the overall amount of processing power protecting the Bitcoin protocol, highlights America's expanding dominance in the cryptocurrency mining sector. Pool Drive at MARA and Foundry USA Hashrate for the US Together, Foundry USA and MARA Pool, two US-based mining... Coinatory cryptonews

Shares of this Bitcoin mining company skyrocketed 300% in just one day In an extraordinary turn of events, shares of BTC Digital Ltd. (NASDAQ: BTCT), a nano-cap Bitcoin mining company, surged 316.67% in a single trading session on November 12, 2024. The stock jumped from a previous closing price of $2.52 to $10.50, peaking at $17 mid-session before settling at $10.50. The rally extended BTCT’s upward trend, which continued to hold despite a 15.43% drop in pre-market trading on Wednesday, stabilizing the stock at $8... cryptocurrency news Coinatory

Bitcoin Miners Eye Earnings Amid Market Shifts; Analyst Flags Buying Opportunity In a recent report from H.C. Wainwright & Co., analysts highlighted a mixed Q3 performance for Bitcoin mining firms, with volatile Bitcoin prices, regulatory shifts, and the looming April 2024 Bitcoin halving shaping the sector's outlook. Despite the challenges, analysts suggest that the mining sector may present a near-term buying opportunity for investors. Throughout Q3 2024, Bitcoin’s price fluctuations—driven by U.S. economic concerns... cryptocurrency news today