CoinDesk Podcast Network

THE MINING POD: Hut 8’s Trump-Backed American Bitcoin, Galaxy’s $4.5B CoreWeave Deal, Tariff Impact on Bitcoin Miners

Apr 4, 2025
Joining the discussion is Ethan Vera, COO of Luxor, who brings a wealth of knowledge about the Bitcoin mining industry. The conversation delves into Hut 8’s new Trump-backed subsidiary, American Bitcoin, and Galaxy Digital's landmark $4.5 billion deal with CoreWeave. The impact of new tariffs on ASIC miners, potentially leading to price hikes of 20-30%, raises concerns for the mining sector. They also touch on the evolving challenges in Bitcoin mining and Jack Dorsey’s critique of the Lightning Network's effectiveness.
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