The post US Bitcoin miners brace for bleak Q1 earnings amid tariff appeared on BitcoinEthereumNews.com.

Most major US public Bitcoin miners expected to report Q1 losses despite high BTC prices. US tariffs on imported mining rigs raised costs and created strategic uncertainty for miners. The April Bitcoin halving event further pressured revenue by cutting block rewards by 50%. Despite entering office with promises to champion the US Bitcoin mining industry, President Donald Trump’s return to the White House hasn’t translated into immediate prosperity for the sector. As American crypto miners prepare to release their first quarterly earnings since the administration change, analysts anticipate a challenging period marked by losses, squeezed margins, and operational headwinds, even against the backdrop of Bitcoin hitting record highs earlier in the year. The paradox of pain: losses despite high Bitcoin prices The prevailing expectation is one of financial strain. According to analyst estimates compiled by Bloomberg, seven out of the eight largest publicly traded Bitcoin miners based in the US are projected to report a net loss for the first quarter of 2025. This stark outlook contrasts sharply with the significant adjusted net income of $1.1 billion reported collectively by the group in the same period of 2024, now estimated to swing to a loss of $190 million. Among the cohort, only CleanSpark Inc. is anticipated by analysts to post a profit. This downturn comes despite Bitcoin reaching a record above $109,000 in January and averaging roughly 75% higher in price during the first quarter compared to the previous year. Concrete results are already emerging: Riot Platforms Inc., a major player, reported a Q1 loss of $296.4 million on Thursday, a dramatic reversal from its $211 million net income in Q1 2024. Competitive squeeze: record difficulty and rising costs Several factors are converging to pressure miners’ profitability. A primary challenge is the soaring level of competition within the network. Mining…

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Filed under: News - @ May 2, 2025 6:28 am