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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
Timestamps:
00:00 Start
01:59 China responds to tariffs
04:00 Crypto outflows
11:14 Miners stocks bleeding out
