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Due to the fact that the mining rigs were determined by the United States to be of Chinese origin, CleanSpark faces up to a $185 million punitive tariff.

By: theblockbeats.news|2025/08/08 15:12:01

BlockBeats News, August 8th: U.S. crypto mining firm CleanSpark disclosed that some of the Bitcoin miners it imported from April to June 2024 have been identified by U.S. Customs as of Chinese origin, potentially facing up to a $185 million punitive tariff. CleanSpark denies the allegations, stating that its purchase contracts and supplier documents indicate that the miners are not manufactured in China and will strongly defend against the accusations.

Reports indicate that earlier, mining firm IREN also faced similar disputes involving an amount of $100 million. (The Miner Mag)

A whale bought 1390 ETH at an average price of $4000 and used it as collateral to leverage the ETH/BTC exchange rate.

A certain smart money increased its ETH long position by acquiring 4000 coins at an average price of $3997, while also holding a 40x leverage Bitcoin long position.