Bitcoin Miners Face Earnings Pressure Amid Declining Hashprice and Tariff Hikes
Bitcoin miners are bracing for potential first-quarter earnings disappointments as declining hashprice and rising trade tariffs squeeze profitability. Analysts from CoinShares highlight a 24% to 54% tariff burden on imported mining rigs across key markets, with inefficient operators most exposed. Despite these challenges, CORE Scientific shows resilience through its high-performance computing transition, while Bitdeer struggles to adapt.
Bitcoin Miner 1Q Results May Disappoint Amid Falling Hashprice and Tariff Pressures
Bitcoin miners face potential first-quarter earnings disappointment as declining hashprice and rising trade tariffs squeeze profitability. CoinShares analysts highlight a 24% to 54% tariff burden on imported mining rigs across key markets, with inefficient operators most exposed.
Core Scientific demonstrates relative resilience through its high-performance computing transition, while Bitdeer grapples with margin compression on non-U.S. sales. The network hashrate continues its upward trajectory, now approaching 1 zettahash per second—a testament to the industry’s relentless expansion despite macroeconomic headwinds.
Bitcoin’s Rally Fueled by Institutional Demand Amid Retail Apathy
Bitcoin’s ascent to $94,000 reveals a stark divergence between price action and retail interest. Google search volume for the cryptocurrency remains muted despite the rally—a historical anomaly suggesting this surge isn’t driven by mainstream enthusiasm.
Bitwise CEO Hunter Horsley identifies a structural shift: corporations, governments, and institutional wallets holding 1,000+ BTC have added nearly 100 new entities since January. This accumulation by ’smart money’ contrasts with retail’s typical cycle of FOMO-driven participation.
The market shows consolidation after briefly touching $95,000 last week. Current trading at $94,733 reflects a 0.72% daily gain and 8.27% weekly increase. Weekend volatility saw a swift recovery from $92,000 lows as institutional bids provided support.
Satoshi Disappear Day: A Reflection on Bitcoin’s Independence
Today marks Satoshi Disappear Day, a commemoration initiated by early Bitcoin contributor Kiba in 2011. The day honors Bitcoin’s anonymous creator and underscores the community’s resilience. "The bitcoin community now has to fend for ourselves," Kiba declared, emphasizing Bitcoin’s decentralized ethos.
Gavin Andresen, then Bitcoin’s lead developer, had recently disclosed a meeting with the CIA—a revelation shared both privately with Satoshi and publicly on the Bitcointalk forum. The event symbolizes Bitcoin’s transition from a founder-dependent project to a self-sustaining network.
MicroStrategy Adds $1.42 Billion in Bitcoin to Its Holdings, Now Controls Over 2.6% of BTC Supply
MicroStrategy, led by Executive Chairman Michael Saylor, has further cemented its position as the largest corporate holder of Bitcoin. The company acquired an additional 15,355 BTC last week for $1.42 billion, bringing its total holdings to 553,555 BTC—worth over $52 billion at current prices.
The latest purchase was executed at an average price of $92,737 per Bitcoin, raising MicroStrategy’s cumulative average cost basis to $64,459. This strategic accumulation now represents more than 2.6% of Bitcoin’s total 21 million supply.
Bitcoin’s 4-Year Fractal Cycle Suggests Potential Rally to $131K by 2025
Bitcoin’s symmetrical price behavior since 2015 continues to validate its cyclical nature, with analyst firm Alphractal projecting a potential surge to $131,000 by October 2025. The current markup phase represents a critical accumulation window for investors.
The 4-year fractal cycle has demonstrated remarkable consistency in timing market tops and bottoms, defying skeptics who dismiss such patterns as speculative. Alphractal’s latest analysis reinforces Bitcoin’s reputation as one of few assets with predictable macroeconomic rhythms.
Norway’s Sovereign Wealth Fund Eyes Bitcoin Amid Tech Stock Turmoil
Norway’s $1.7 trillion sovereign wealth fund, reeling from a $40 billion loss in Q1 2025 due to plummeting U.S. tech stocks, is quietly making waves in crypto circles. A $356 million indirect Bitcoin exposure through equity holdings has surfaced in its portfolio—a tacit nod to digital assets’ creeping institutional legitimacy.
The fund’s 71.4% concentration in tech equities now looks like a double-edged sword. As analysts pivot toward $200K Bitcoin price targets, Norway’s muted crypto accumulation mirrors a broader trend: nation-states are building positions off the public radar. "I love Norway. It’s beautiful...and beautiful people," remarked Donald Trump in an unrelated statement—an ironic footnote to a serious financial shift.
