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Welcome to The Mining Pod! Will and Colin break down the harsh reality of bitcoin’s hashprice hovering around $40, putting many miners at break-even or underwater. The hashprice woes couldn’t come at a worse time, as the Trump administration’s tariffs are poised to increase CAPEX costs for miners in the U.S. The Trump tariff chaos sent miners scrambling to charter multi-million dollar flights for ASIC imports in the eves before the administration effected a 90-day pause on its proposed policy. We also discuss Pakistan’s plans to use Bitcoin mining for surplus electricity. And for this week’s cry corner, if you wanted to vastly outperform the market year to date, you should have invested in this ETF that is short ETH.
# Notes:
– Hash price down to around $40
– Most public miners at break-even or underwater on direct costs
– Trump paused tariffs for 90 days, China still at 125%
– $2.33B of mining hardware imported to US in 2024
– Pakistan turning to Bitcoin mining for surplus power
– 2x inverse ETH ETFs up 247%, best ETFs of 2025
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“The Mining Pod” is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.