Key Notes

CleanSpark faces up to $185 million in tariff liability while IREN contests $100 million in CBP claims over imported equipment.

Bitcoin network hashrate reached record highs above 970 EH/s despite mining margins compressing below $60/PH/s profitability.

Mining stocks showed mixed performance with AI-focused companies surging 50% while pure bitcoin miners declined significantly.

The United States has finalized steep new tariffs on any goods imported from Asia, imposing a 57.6% rate for machines of Chinese origin and a 21.6% tariff for hardware from Indonesia, Malaysia, and Thailand. The rates, which took effect on August 7, 2025, have pushed large US-based Bitcoin mining companies into potential liability exposure exceeding $100 million as Customs and Border Protection (CBP)

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