Breaking News
Hey friends, here’s the latest update from the crypto mining world:
CleanSpark is now facing a possible $185 million tariff risk. U.S. Customs and Border Protection (CBP) says some of the Bitcoin mining machines CleanSpark imported between April and June 2024 may actually be from China, meaning they’d qualify for steep punitive tariffs. CleanSpark is firmly denying it—saying their suppliers provided all the paperwork showing the gear was not made in China, and they plan to fight the claim hard .
To put that number in perspective, $185 million is nearly 70% of CleanSpark’s net income for Q3 2025—a quarter when they reported a whopping $257.4 million in profits and 91% revenue growth . So, this isn’t a small matter—it could potentially eat into a huge chunk of their earnings.
And CleanSpark isn’t the only one in hot water. Another mining firm, IREN, is also dealing with a similar dispute with CBP—this one over $100 million in alleged tariffs for comparable import issues .
This whole situation highlights a growing trend: U.S. regulators are stepping up scrutiny over where crypto mining equipment actually comes from. It’s a reminder that for companies in this space, transparency in supply chains isn’t just a nice-to-have—it’s becoming critical to avoid serious financial risks .
Source: crypto.news