The markets are in free fall as Trump announces tariff implementations, with Bitcoin dropping to $81,700 and mining stocks seeing double-digit declines.
• Trump's tariff measures aim to create a level playing field globally, potentially benefiting American companies in the long term
• Bitcoin hash price continues to decline, now at around $48 per petahash per day compared to pre-halving levels of $110
• Global hash rate has spiked to nearly 1,000 exahash, creating increased competition for miners
• Many mining stocks now trade at or below the value of their Bitcoin holdings, presenting potential value opportunities
• DMG's Bitcoin represents 105% of their market cap, effectively valuing their mining infrastructure at zero
• Marathon continues aggressive Bitcoin accumulation, now holding $3.9 billion worth (47,531 BTC)
• Miner Madness 2.0 results show even top-performing mining picks lost 26% in Q1
• BitFarms production update shows 20% hash rate increase following Stronghold acquisition
• Griffin Mining and Saluna focusing on strengthening balance sheets amid challenging market conditions
Enter Miner Madness 3.0 by submitting your top three mining stock picks and Bitcoin price prediction for Q2 by April 11th on our Twitter account.
