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Welcome back to The Mining Pod! In this emergency market update, we analyze the brutal day for Bitcoin and mining stocks amid wider tariff-induced market terror. Bitcoin is below $80,000 and bitcoin mining stocks are bleeding. We examine the YTD declines for mining equities, how tariffs could impact miner CAPEX costs by 10-30%, and how the tariffs invite potential mining M&A consolidation.
# Notes:
– Bitcoin dipped below $80K, rebounded to high $70Ks
– Mining stocks down 50%+ YTD across the board
– 34% tariffs announced on Chinese goods
– Hash price compressed to around $40
– Marathon has ~50,000 Bitcoin on balance sheet
– Asics/infrastructure costs rising 10-30% with tariffs
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“The Mining Pod” is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.
