April 29, 2025
Bitcoin Miner 1q Results May Disappint As Hashprice Fell, Tariffs Hit: Coinshares thumbnail
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Bitcoin Miner 1q Results May Disappint As Hashprice Fell, Tariffs Hit: Coinshares

Bitcoin (BTC) MINERS ‘FIRST-QUARTER Results May Disappeint Because the Hashprice, A Measure of Daily Mining Profitability, Fell Further and Trade Tariffs Weighed ( Said in a Blog Post on Friday. Dependent on Older or Less-Edule Rigs are Faced with Higher Exposure to These Tariffs, The Report Said.core Scientific Bitdeer (BTDR), WHICH MAKES ITS OWN RIGS, COURCKS MARGIN PRESURE ON Sales Outside The Usthe Asset Manager Predicts That Bitcoin Network Hashrate Could 1 Zethash ( 2 zh/s by early 2027.the Hashprice Outlook is not as positive.the asset Manager’s Model Indicates “a gradual structural declin Through to the 2028 Halving Cycle. “Tariffs and Trade Tensions Could be Positive for Bitcoin Adoption in the Medium Term, Asset Manager GrayScale Said in a Resear: With HPC Exposure UnderPerForMed in First Two Weeks of April: JPMORGAN”, – WRITE: www.coindesk.com

Updated APR 28, 2025, 6:01 pm PUBLISHED APR 28, 2025, 4:15 PM

Bitcoin (BTC) MINERS ‘FIRST-QUARTER Results May Disappeint Because the Hashprice, A Measure of Daily Mining Profitability, Fell Further and Trade Tariffs Weighed ( said in a blog post on Friday.

“Q2 Results May Show Deterioration, As Tariffs on Imported Mining Rigs Range From 24% (Malaysia) To 54% (China),” Analysts Led by James Butterfill Wrote.

Bitcoin Miners That Are Dependent On Older or Less-Efficiency Rigs Are Faced with Higher Exposure to Tese Tariffs, The Report Said.

Core Scientific (Corz) Is “Better Insulated, As It Transitions to HPC,” The Authors Wrote, Adding that Bitdeer (Btdr), Which Makes Its Own Rigs, Could See Margin Press.

The asset manager predicts that Bitcoin Network Hashrate Could Reach 1 Zettahash per Second (Zh/S) by July and 2 Zh/S by Early 2027.

The Hashprice Outlook is not as positive.

The Asset Manager’s Model Indicates “A Gradual Structural Decline, with Prices Likely to Remain Range-Bound Between $ 35 and $ 50 Per Ph/Day Through to the 2028 Halving Cycle.”

Tariffs and Trade Tensions Could Be Positive for Bitcoin Adoptation in the Medium Term, Asset Manager GrayScale Said in a Research Report Earlier Ith.

Read More: Bitcoin Miners With HPC Exposure Underformed in First Two Weeks of April: JPMORGAN

Will Canny

Will Canny Is An Experienced Market Reporter with a demonstrated History of Working in the Financial Services Industry. He’s Now Crypto Beat As A Finance Reporter at Coindesk. HE OWNS more than $ 1,000 of Sol.

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