CoinDesk Podcast Network

THE MINING POD: American Bitcoin is Going Public, IREN’s $100M Tariff Bill, Bitdeer Deploys Sealminers

May 16, 2025
American Bitcoin is making headlines with its planned public merger with Gryphon Digital, potentially shaking up the market. There's heated discussion around IREN's alarming $100 million tariff bill, which could impact their operations. Meanwhile, Bitdeer is gearing up to deploy Sealminers, aiming to enhance mining capabilities. The episode also dives into CleanSpark's unique strategy of leveraging bitcoin options for acquiring miners, showcasing innovative approaches to thrive in a competitive landscape.
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INSIGHT

Bitcoin Hashrate Fluctuation Impact

  • Bitcoin's hashrate has fluctuated between 850 and 920 exahashes/second recently.
  • This caused a modest difficulty adjustment of around 2.6%, impacting miner hash price to about $55 per PH/day.
INSIGHT

American Bitcoin's Public Ambitions

  • American Bitcoin, linked with the Trump family, aims to go public via merger with Griffin Digital.
  • The merger may attract capital from retail and institutional investors due to brand association and new business focus.
INSIGHT

IREN’s Tariff Dispute Risks Costs

  • IREN faces a $100 million tariff dispute with U.S. Customs over miner imports.
  • This could significantly raise their hash costs, despite their otherwise low costs from cheap energy and efficient hardware.
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