Bitcoin (BTC) Miners’ results from the first quarter can disappoint because the hash prize, a measure of daily mining of mining, fell further and the trade rates weigh on the market, the Asset Manager Coinshares (CS) said in a blog post on Friday.
“Q2 results may show deterioration as tariffs on imported minerigge vary from 24% (Malaysia) to 54% (China),” Analysts wrote by James Butterfill wrote.
Bitcoin mine workers who depend on the elderly or less effective rig face higher exposure to these tariffs, the report said.
Core Scientific (Corz) is “better isolated as it passes to HPC,” wrote the authors, adding that Bitdeer (BTDR), who makes his own rigs, could see the margin pressure on sales outside the US
Asset Manager predicts that Bitcoin Network Hashrate could reach 1 Zettahash per day. Second (ZH/S) by July and 2 ZH/S at the beginning of 2027.
The hashprice views are not so positive.
Asset Manager’s model indicates “a gradual structural decline in which prices are likely to remain range between $ 35 and $ 50 per pH/day to 2028 twig cycle.”
Tariffs and merchant stresses could be positive for the adoption of Bitcoin in the medium term, Asset Manager Grayscale said in a research report earlier this month.
Read more: Bitcoin -Mine workers with HPC exposure underpointed in the first two weeks of April: JPMorgan
