18 Jun 2025, 13:40

Urgent Shift: Bitcoin Mining Giants Expand US Production Amid China Tariffs

BitcoinWorld Urgent Shift: Bitcoin Mining Giants Expand US Production Amid China Tariffs The global landscape of Bitcoin mining is undergoing a significant transformation, largely driven by geopolitical forces. For years, the production of the specialized computer hardware essential for mining, known as ASICs (Application-Specific Integrated Circuits), has been dominated by a handful of companies based in China. However, the ongoing trade tensions between the United States and China have created powerful incentives for these manufacturing giants to reconsider their strategies and geographical footprint. This strategic pivot is not just a business decision; it’s a structural shift impacting the entire crypto mining supply chain and raising important questions about national security and economic resilience. Understanding the Giants Driving US Manufacturing Expansion At the heart of this story are three titans of the mining hardware industry: Bitmain, Canaan, and MicroBT. These companies collectively hold an estimated over 90% share of the global market for Bitcoin mining rigs. Their dominance means that virtually every large-scale Bitcoin mining operation, regardless of its location, relies heavily on their products. For decades, their manufacturing base has been primarily in China, leveraging the country’s established electronics supply chain, infrastructure, and labor force. However, the imposition of tariffs under former President Donald Trump’s administration, specifically targeting goods imported from China, significantly increased the cost of these crucial components for US-based mining operations. These tariffs acted as a direct financial burden, making it more expensive to set up or expand mining facilities in the United States. This economic pressure point became a major catalyst for the Chinese manufacturers to explore alternatives to mitigate the impact and remain competitive in a key market. Why Are China Tariffs Pushing Mining Hardware Production to the US? The primary driver for Bitmain, Canaan, and MicroBT’s decision to ramp up US manufacturing is the direct financial penalty imposed by the tariffs. Importing ASICs manufactured in China into the United States incurs substantial additional costs, which are ultimately passed on to the customers – the US Bitcoin miners. By establishing production capabilities within the US, these companies can potentially bypass or significantly reduce these tariff-related expenses, making their products more cost-effective for American buyers. Beyond just tariffs, other factors are at play: Market Proximity: The United States has rapidly become one of the largest and most attractive regions for Bitcoin mining globally, thanks to factors like access to abundant, often cheap, energy sources (renewables, natural gas flares) and a favorable regulatory environment in certain states. Having production closer to this major customer base can improve logistics, reduce shipping times and costs, and allow for quicker response to market demand. Supply Chain Resilience: Relying on a single manufacturing hub, especially one in a potentially adversarial geopolitical environment, introduces significant supply chain risks. Diversifying production locations enhances resilience against future trade disputes, export restrictions, or other disruptions. National Security Concerns: As the article notes, the heavy reliance of US infrastructure (including crypto mining, which is seen by some as critical digital infrastructure) on hardware from a geopolitical rival has raised national security concerns. While the manufacturers’ move is primarily economic, it aligns with broader calls for diversifying critical supply chains away from China. Customer Relationships: Local production can facilitate stronger relationships with large institutional mining clients in the US, offering better support, repair services, and potentially customized solutions. Examining the Strategies: How Are the Giants Adapting? Each of the big three is implementing its own version of a localization strategy: Bitmain: As the market leader, Bitmain made an early move, reportedly beginning production in the U.S. in December 2023. This timing, shortly after the U.S. presidential election, suggests a proactive approach to navigate the political landscape and potential future trade policies. Bitmain has previously explored US operations, including mining farms, indicating a long-term interest in the North American market. Canaan: Canaan, another major player, initiated trial manufacturing in April. The timing here is also notable, following discussions around potential new or reinforced tariffs, sometimes referred to informally as ‘Liberation Day’ tariffs in political discourse. Trial manufacturing allows Canaan to test the feasibility, cost-effectiveness, and logistical challenges of US production before committing to a larger scale. MicroBT: The maker of the popular Whatsminer series is focusing on a broader “localization strategy.” This might involve not just manufacturing but also establishing stronger local sales, support, and repair networks. While the specific details of their US production plans might differ, the goal is the same: reduce exposure to trade restrictions and better serve the North American market. It’s important to note that “production” in the US might initially focus on assembly rather than the complex, capital-intensive fabrication of the ASIC chips themselves, which still heavily relies on advanced foundries primarily located in Asia (like TSMC in Taiwan). However, even assembly in the US represents a significant step towards shifting part of the value chain geographically. What Does This Mean for the US Crypto Mining Landscape? The expansion of mining hardware production within the United States has several potential implications for the domestic crypto mining industry: Reduced Costs (Potentially): By avoiding tariffs, the cost of acquiring new mining rigs could decrease for US operators, improving profitability and encouraging further investment in domestic mining infrastructure. Faster Deployment: Shorter supply chains mean quicker delivery times for new equipment, allowing miners to scale their operations more rapidly in response to market conditions. Enhanced Supply Chain Security: Domestic production offers greater predictability and security of supply compared to relying solely on imports subject to geopolitical risks. Job Creation: Establishing and operating manufacturing or assembly plants creates jobs in the US, contributing to the local economy in states that attract these facilities. Development of Domestic Expertise: Increased manufacturing activity can foster the development of a skilled workforce and technical expertise related to ASIC production and maintenance within the US. While the benefits are clear, challenges remain. The cost of labor and manufacturing in the US is generally higher than in China. Sourcing components, many of which are still produced in Asia, could also present logistical hurdles. However, the strategic advantages, particularly tariff avoidance and supply chain security, appear to outweigh these challenges for the major players. Beyond Tariffs: The Long-Term Impact on the Global Mining Supply Chain The shift of Chinese mining hardware manufacturers towards US production is more than a temporary response to trade policy; it signals a potential long-term restructuring of the global Bitcoin mining supply chain. For years, the supply chain has been heavily centralized in East Asia, from chip design and fabrication to assembly and distribution. This move suggests a trend towards decentralization and regionalization. As more production capacity is established outside of China, other regions like North America could develop more robust local ecosystems for mining hardware – including repair centers, component suppliers, and potentially even domestic design and fabrication capabilities in the future. This could lead to a more diversified and resilient global mining network, less susceptible to disruptions in any single country. Furthermore, this trend could encourage the emergence or growth of non-Chinese mining hardware manufacturers, fostering greater competition in a market currently dominated by the big three. While challenging, the opportunity exists for companies in the US or other geopolitically neutral countries to capture market share by offering domestically produced or assembled hardware. Addressing National Security and Supply Chain Concerns The concerns around national security stem from the potential for hardware backdoors or vulnerabilities embedded during the manufacturing process, as well as the strategic risk of relying on a competitor for essential digital infrastructure components. While these concerns are complex and often debated, a shift towards domestic or allied-country production of Bitcoin mining equipment can, in theory, alleviate some of these worries by bringing parts of the supply chain under the jurisdiction and oversight of the host country. Increased US manufacturing of mining hardware contributes to greater supply chain transparency and potentially allows for more stringent security checks and quality control processes that align with US standards and regulations. This is particularly relevant as Bitcoin mining becomes increasingly integrated into the energy sector and attracts larger institutional players. What’s Next? The Future of Mining Hardware Production The success and scale of these initial US production efforts will likely determine the extent of future expansion. Factors to watch include: The evolution of US trade policy towards China. The cost-effectiveness of US manufacturing compared to traditional hubs. The ability to build a skilled workforce and reliable local component supply chains in the US. Demand from US-based mining operations. If these initiatives prove successful, we could see a more permanent shift, with a significant portion of global mining hardware assembly serving the North American market being done locally. This would not only reshape the business models of the major manufacturers but also further solidify North America’s position as a major global hub for crypto mining activity. Conclusion: A Pivotal Moment for Bitcoin Mining The decision by Bitmain, Canaan, and MicroBT to expand production in the United States marks a pivotal moment for the Bitcoin mining industry. Driven primarily by the economic pressures of China tariffs , this move is accelerating a broader trend towards the regionalization and diversification of the global mining hardware supply chain. While challenges in manufacturing costs and component sourcing remain, the strategic benefits of being closer to a major market like the US, avoiding tariffs, and enhancing supply chain security are compelling. This shift is not just about where machines are made; it’s about building a more resilient, geographically diverse, and potentially more secure foundation for the future of Bitcoin mining worldwide. As the US continues to grow as a mining destination, domestic hardware production could become an increasingly vital component of its digital infrastructure. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Urgent Shift: Bitcoin Mining Giants Expand US Production Amid China Tariffs first appeared on BitcoinWorld and is written by Editorial Team

18 Jun 2025, 13:32

Meta Pool Faces Exploit But Hacker Escapes With Only $132K

An exploit on the Ethereum-based staking protocol Meta Pool on Tuesday could have resulted in a $27 million heist, but the attacker walked away with only $132,000 worth of Ether (ETH), thanks to low liquidity and swift action by the protocol’s team. According to a blog post by Meta Pool, the attacker exploited the “fast unstake functionality” to mint 9,705 mpETH tokens — the platform’s liquid staking token — valued at nearly $27 million. However, due to limited liquidity in the swap pools and Meta Pool’s prompt contract pause, the hacker managed to convert only a fraction of the minted tokens into 52.5 ETH, worth just over $132,000. Meta Pool’s early detection systems flagged the suspicious activity, allowing the team to freeze the exploited smart contract and prevent further loss. Co-founder Claudio Cossio stated on X that the fast unstaking feature, which skips the standard waiting period after unstaking, was key to the exploit. This mechanism can offer users faster access to funds but can pose security risks if not carefully implemented. Bug in Mint Function Blockchain security firm PeckShield confirmed that the vulnerability stemmed from a critical bug in the staking contract’s ERC4626 mint() function. This flaw enabled the attacker to mint mpETH tokens without any cost. However, because mpETH is a relatively illiquid token, the hacker’s ability to convert the tokens into ETH was significantly hindered. The attacker primarily targeted liquidity pools on Ethereum mainnet and Optimism, draining 52.5 ETH in total. One of the affected pools on Optimism had particularly low volume and liquidity, which helped contain the damage. In its statement, Meta Pool reassured users that all staked Ethereum remains secure, as it is delegated through the SSV Network and continues to accrue staking rewards. The team has paused the affected mpETH contract and plans to publish a full post-mortem within the next 48 hours, along with a recovery plan. Exploit Cases Rise Across Crypto Platforms Meta Pool joins a growing list of DeFi platforms exploit cases this month. On June 6, Bitcoin-based DeFi platform Alex Protocol lost $8.3 million due to a self-listing flaw, while Taiwan-based exchange BitoPro reported a $11.5 million hot wallet breach from May 8. Despite the failed theft attempt, the Meta Pool incident underscores the growing need for rigorous security auditing in DeFi platforms , especially as protocols race to offer faster user functionality without compromising safety. The post Meta Pool Faces Exploit But Hacker Escapes With Only $132K appeared first on TheCoinrise.com .

18 Jun 2025, 13:11

Russian Authorities Bust Massive $700K-a-Year Illegal Crypto Mining Farm Hidden as Industrial Plant

Authorities in Russia have dismantled a large-scale illegal crypto mining operation in Nazarovo, a town in Krasnoyarsk Krai, exposing a scheme that reportedly generated over 4.6 million rubles ($58,000) per month. According to the post on Telegram by the Krasnoyarsk Krai Prosecutor’s Office, the mining farm was operating in plain sight. It was located on a 30,000-square-meter plot of state-owned land, registered on paper as hosting a non-residential building. In reality, no such structure existed. Russian Authorities Shut Down Unpermitted Mining Site Amid Grid Overload Fears The site, surrounded by barbed wire, was packed with mining rigs and power infrastructure. Prosecutors revealed that all equipment had been leased to a third party under the pretense of renting space in the non-existent building. The company behind the operation had no right to use the land and never obtained necessary permits. Making matters worse, the miners had connected directly to the town’s power grid without approval. The unauthorized use of electricity raised risks of outages and safety hazards. Local energy officials warned of a high probability of emergency blackouts. Authorities also cited fire safety violations and a failure to comply with public safety standards. Despite a warning from prosecutors, the company continued operations. A court has since ordered the immediate suspension of the facility. The prosecutor’s office is monitoring enforcement. The shutdown adds to growing concerns over illegal crypto mining in Russia, even as the country continues to embrace the sector legally. In 2023, Russia legalized mining and introduced a taxation framework expected to generate billions of rubles annually. However, due to power constraints, mining has been restricted in certain Siberian regions , including parts of Krasnoyarsk. While legal in most of Russia, many operators avoid registration and high electricity costs by tapping directly into the grid or using residential rates. These tactics can damage infrastructure and endanger communities. Russia's power grid took a $14M hit from illegal #CryptoMining in 2024. Authorities crack down on unauthorized operations, imposing bans & stricter regulations. #Blockchain #Russia https://t.co/DDxLOdJIVE — Cryptonews.com (@cryptonews) February 18, 2025 Earlier this year, an energy company employee in Krasnoyarsk was caught accepting bribes to overlook similar illegal mining connections. In that case, miners reportedly stole electricity worth over 9 million rubles ($119,000). Russia Battles Mining Thefts and Crypto Malware Attacks Elsewhere, in Russia’s Republic of Buryatia, a separate operation was discovered just days ago. During a routine inspection on June 14, authorities found 95 mining rigs hidden inside a KamAZ truck, connected to a 10-kilovolt line meant to power a nearby village. Illegal #Bitcoin mining has become mobile. In Russia, miners put a farm on the truck… Specialists in Buryatia found an illegal mining farm in a truck: the intruders unauthorizedly connected to a 10-kilovolt power line. Inside the truck they found 95 mining devices and a… pic.twitter.com/AsAcI0C7RP — Vladimir S. | Officer's Notes (@officer_cia) June 14, 2025 Two individuals fled the scene in an SUV before police arrived. According to Rosseti Siberia’s Buryatenergo unit, this was the sixth mining-related electricity theft in the region since January. Officials say such operations risk damaging local grids and triggering blackouts. Crypto mining is banned in most of Buryatia between November 15 and March 15 to conserve power during the winter. Only registered entities in certain districts can operate outside that window. The crackdown reflects wider federal action. In late 2024, the Russian government prohibited mining during peak energy periods in several regions, including Dagestan, Chechnya, and areas of eastern Ukraine under Russian control. Since April, a full ban has been in place in Irkutsk , one of Russia’s top mining hubs. Companies like BitRiver, which operates major data centers in Irkutsk, are heavily affected by the changes . The region hosts some of Russia’s cheapest electricity and has become central to the country’s mining industry. However, a recent r eport has surfaced that a sophisticated hacking group has been turning Russian business computers into hidden crypto mining machines while stealing sensitive financial data, according to a new report by Kaspersky. The group, known as Librarian Ghouls (also called Rare Werewolf or Rezet), has been conducting a dual-purpose attack that installs unauthorized Monero mining software and extracts cryptocurrency wallet credentials and private keys. The campaign, active through May 2025, has primarily targeted industrial firms and engineering schools across Russia and the CIS region. The post Russian Authorities Bust Massive $700K-a-Year Illegal Crypto Mining Farm Hidden as Industrial Plant appeared first on Cryptonews .

18 Jun 2025, 11:30

Public Firms Turn to Capital Markets to Accelerate Bitcoin Accumulation

Two publicly listed firms have recently taken significant steps to grow their Bitcoin treasuries, reflecting the continued adoption of cryptocurrency as a corporate reserve asset. Strategy Inc. (NASDAQ: MSTR) added approximately 10,000 BTC using proceeds from its latest preferred stock issuance, while BitMine Immersion Technologies (NYSE American: BMNR) finalized the purchase of over 150 BTC following a common stock offering. BitMine Immersion Technologies Completes $16.3M Bitcoin Treasury Acquisition Following Public Stock Offering BitMine Immersion Technologies, Inc. (NYSE American: BMNR), a publicly traded Bitcoin network infrastructure and investment company, has officially completed the deployment of all net proceeds from its recent equity raise into direct Bitcoin purchases, reinforcing its long-term strategy to build a Bitcoin-centric treasury model. In an announcement released Tuesday, the company revealed it had finalized the acquisition of 154.167 Bitcoin at an average price of $106,033 per coin, using $16.347 million—a sum that nearly mirrors the $16.340 million in net proceeds raised from its offering of common stock, which closed on June 6, 2025. A Bitcoin-First Corporate Treasury CEO Jonathan Bates commented on the milestone, saying, “We are very excited to establish our Bitcoin Treasury and fulfill our commitment to invest 100% of the transaction proceeds into Bitcoin,” said Bates. “This is not just a financial strategy—it’s a fundamental part of our identity as a Bitcoin-native business.” This direct investment marks one of the most aggressive treasury conversions to Bitcoin among US-listed public companies in 2025, aligning BitMine with the likes of Strategy and other Bitcoin-forward enterprises that have prioritized the digital asset over traditional fiat reserves. BitMine has differentiated itself from other crypto mining firms by blending traditional immersion cooling-based Bitcoin mining with emerging services in the synthetic hashrate and Bitcoin-denominated financial product sectors. The company operates mining sites in low-cost energy regions, including Trinidad, Pecos, Texas, and Silverton, where it can scale operations while minimizing energy expenditure—a critical component in maintaining profitability, especially in an increasingly competitive post-halving mining environment. Additionally, BitMine offers Bitcoin advisory services to public companies interested in navigating the complexities of earning and holding Bitcoin, either through direct mining or hashrate-related financial instruments. Market Context and Institutional Confidence The announcement comes at a time when institutional confidence in Bitcoin continues to rise, fueled by the success of spot Bitcoin ETFs, a growing list of corporate adopters , and renewed global interest in decentralized assets amid monetary policy uncertainty. Bitcoin is currently trading around $105,000, making BitMine’s average entry price relatively close to market. BitMine’s Bitcoin allocation strategy mirrors the broader corporate shift toward hard assets amid inflationary concerns and currency debasement. It also reflects the company's intent to treat Bitcoin not merely as a speculative asset, but as a strategic treasury reserve and operational foundation. As with all crypto-facing companies, BitMine has acknowledged the risks in its forward-looking statements. These include the volatility of Bitcoin, regulatory developments, and the company’s ability to adapt to a fast-evolving technology and financial landscape. Investors are reminded that future performance could vary based on a wide array of factors, including competition, energy pricing, the global economic climate, and the evolving valuation of Bitcoin itself. The company filed its latest Form 10-K with the SEC on April 3, 2025, and notes that all forward-looking statements are subject to the risks and disclosures outlined in those filings. Strategy Inc. Nears 600,000 Bitcoin as It Converts $1B in Preferred Stock Sales into Massive BTC Purchase In related news, corporate Bitcoin treasury firm Strategy Inc. (NASDAQ: MSTR) has acquired approximately 10,000 additional bitcoins for $1 billion, bringing its total holdings to a staggering 592,100 BTC—just shy of the 600,000 BTC milestone. This monumental purchase cements Strategy’s dominance as the largest publicly traded holder of Bitcoin and underscores its long-term conviction in the digital asset as a superior treasury reserve. The company’s relentless Bitcoin accumulation has drawn widespread attention from both institutional investors and regulatory observers alike. Top 10 largest corporate Bitcoin holders (Source: BitcoinTreasuries ) The latest acquisition was primarily funded by the $1 billion upsized IPO of the firm’s newly launched Stride (STRD) perpetual preferred stock, which offers a 10% non-cumulative fixed dividend and is non-convertible. The offering drew strong institutional interest and marks another key pillar in the company’s innovative financing ecosystem. Additional funding for the purchase was sourced from the at-the-market (ATM) sales of two other perpetual preferred stock programs: Strike (STRK) and Strife (STRF). STRK offers an 8% fixed dividend and is convertible, while STRF provides a 10% cumulative dividend and is non-convertible. According to TD Cowen analysts, this structured approach “establishes a channel for future high-yield funds flows into Bitcoin,” providing Strategy with scalable, long-term funding sources that minimize dilution to common shareholders while maximizing Bitcoin exposure. The Bigger Vision: “42/42” and Long-Term Leverage The latest round of buying is part of Strategy’s aggressive and ambitious “42/42” plan, which seeks to raise $84 billion in equity and convertible debt offerings by 2027, all earmarked for Bitcoin acquisitions. The firm, led by Bitcoin evangelist and Executive Chairman Michael Saylor, has become synonymous with the institutionalization of Bitcoin. On a recent earnings call, Saylor outlined the firm’s target leverage ratio of 20%–30%, calculated as total debt and preferred stock divided by the market value of Strategy’s Bitcoin holdings. As of now, the firm sits on $63 billion in Bitcoin and $11.6 billion in total liabilities (including preferred shares), which analysts say supports a strong balance sheet. Analysts at TD Cowen remain bullish, reaffirming their “Buy” rating on Strategy stock and setting a $590 price target for MSTR shares. In a note published Tuesday, the bank emphasized the relative safety of Strategy’s junior securities given the firm’s asset base and modest debt load. The perpetual nature of the preferred stock means the capital raised can remain on the balance sheet indefinitely, offering the firm consistent liquidity without the looming burden of debt maturity—making it a highly flexible instrument for Bitcoin acquisition. Strategy’s Role in Institutionalizing Bitcoin Strategy Inc.'s actions are seen as a watershed moment for Bitcoin’s integration into traditional corporate finance. By issuing fixed-income-style securities tied to a Bitcoin accumulation strategy, the firm is effectively creating a new model for capital markets to interface with crypto assets. This model allows yield-hungry investors to access Bitcoin exposure through income-generating instruments, while enabling Strategy to accumulate BTC without shareholder dilution. It also sends a strong message to Wall Street: Bitcoin is not just a hedge or an asset—it's a treasury standard. With this latest purchase, Strategy now holds more Bitcoin than most countries and is rapidly approaching the symbolic 600,000 BTC mark. As the price of Bitcoin continues to climb, the company’s holdings represent a significant portion of the total circulating supply, amplifying its influence in the crypto and financial sectors.

18 Jun 2025, 11:24

No mining machine is needed, you can earn coins while lying down! KGNcloud mining allows ordinary people to easily obtain passive income from Bitcoin and Dogeco...

BitcoinWorld No mining machine is needed, you can earn coins while lying down! KGNcloud mining allows ordinary people to easily obtain passive income from Bitcoin and Dogecoin! Your Guide to Bitcoin Cloud Mining with KGN for Britons in 2025 Bitcoin’s surge beyond $100,000 in 2025 has Britons excited about crypto possibilities. KGN Cloud Mining , a British company based in Swansea, UK, offers a hassle-free way to dive into Bitcoin mining without expensive equipment or soaring electricity bills. Operated by KGN Investing Limited, this secure, eco-friendly platform gives you a $100 signup bonus to kick things off. Whether you’re a student in Melbourne or an investor in Perth, KGN makes mining simple, profitable, and sustainable. Ready to mine Bitcoin from your couch? Here are some reasons why the UK leader KGN Cloud is ideal for the country’s cryptocurrency ecosystem. Why KGN Cloud Mining Excels for the Britons Mining Bitcoin at home in Britain is tough—electricity costs averaging $0.25/kWh add up fast. KGN Cloud, headquartered in Swansea, UK, eliminates that burden. No need for pricey hardware or noisy rigs. With a $200 investment, you could earn $214 in just two days. KGN’s AI-driven system selects the most profitable coins daily, and its renewable energy approach keeps mining green. For Britain’s 1.2 million crypto enthusiasts, KGN’s user-friendly platform is a standout. Concerned about scams? KGN’s McAfee-powered security ensures your funds are protected. AI and Green Energy: KGN’s British Innovation KGN Cloud’s cutting-edge AI, developed in the UK, optimises mining for Bitcoin, Ethereum, and Litecoin, adapting to market changes like the 2024 Bitcoin halving, which cut block rewards to 3.125 BTC. Traditional mining in Britain can cost $5,000 a year in power alone, but KGN’s cloud-based solution skips those bills. The AI maximizes hash rates for better profits, while renewable energy aligns with global sustainability goals. “AI makes mining smarter and more efficient,” says Sarah Chen, a London blockchain analyst. Inspired by eco-conscious leaders, KGN’s British-engineered platform helps British earn while supporting the planet. Why Choose KGN Cloud for Bitcoin Mining? KGN Cloud, a trusted UK platform, is ideal for the British at any level. Here’s what sets it apart: Low Entry : Start with $200 and enjoy daily payouts. AI-Powered : UK-developed algorithms boost your returns. Eco-Friendly : Renewable energy powers sustainable mining. Secure System : Cloudflare’s SSL and DDoS protection safeguard your funds.octo Tax-Friendly : Sync with Koinly for easy ATO compliance. The British Taxation Office (BTO) treats mining profits as business income if profit-driven, so tools like Koinly simplify tax reporting. Visit kgncloud.com to start mining today. KGN Cloud’s Mining Plans: Profit Breakdown KGN Cloud, based in the UK, offers flexible plans tailored for the British, from students to investors. Here’s how they stack up: Plan Name Investment (USD) Contract Duration Daily Profit (USD) Total Profit (USD) Hashrate 1st Plan $200 ($200 USD) 2 Days $8.00 $16 25GH/s Standard Plan $500 ($500 USD) 4 Days $25.00 $100 540 MH/s Advanced Plan $1200 ($1200 USD) 5 Days $48.00 $240 46 MH/s Note: Profits are estimates based on Bitcoin’s $100,000+ price in May 2025. Returns may be impacted by mining difficulty and market volatility . Use KGN’s profitability calculator at kgncloud.com for real-time estimates. Getting Started with KGN Cloud in Britain Starting with KGN Cloud, a British platform, is quick and easy for the British. Follow these steps: Sign Up : Visit kgncloud.com and create a free account to claim your $100 bonus instantly. Activate Bonus : Use the $100 signup bonus to begin mining—no deposit needed. Choose a Plan : Start with the $200 Basic Plan for quick returns, scaling up later. Join a Pool : KGN’s UK-based AI picks the best Bitcoin or Ethereum pool. Track Earnings : Monitor daily profits on KGN’s mobile dashboard—perfect for London commuters. Store Profits : Secure your Bitcoin in a Ledger wallet, available at JB Hi-Fi. Pro Tips : Start small with the Basic Plan, reinvest profits to grow, and use Koinly for ATO-compliant tax tracking. KGN’s eco-friendly mining, powered by British innovation, supports British environmental goals, like preserving the Cairngorms National Park . How KGN Cloud Stacks Up Against Competitors KGN Cloud, a UK-based platform, outshines competitors like FioBit, ECOS, Bitdeer, NiceHash, and StormGain. Its $100 signup bonus and $200 entry-level plans are beginner-friendly. Unlike ECOS, which focuses only on Bitcoin, KGN offers multi-coin flexibility. Bitdeer’s higher minimum suits pros, while NiceHash’s marketplace can confuse newcomers. StormGain’s free mining yields tiny returns. KGN’s intuitive dashboard and renewable energy focus make it a top pick for the Britons. Visit kgncloud.com for a seamless, green experience. Is KGN Cloud Profitable in 2025? With Bitcoin at $103,000 in 2025, KGN Cloud’s UK-based platform delivers strong returns. The 2024 halving and 10% rise in mining difficulty make traditional mining costly, but KGN’s AI optimises hash rates, earning $42 from a $300 investment in two days. Transparent pricing avoids hidden fees, and eco-friendly mining cuts costs. Market volatility can impact profits, so check KGN’s real-time calculator at kgncloud.com for accurate estimates. Avoiding Scams: Trust in KGN Cloud Trust is important, as cryptocurrency frauds cost the United States $205 million in 2024. The Swansea, UK-based KGN Investing Limited provides a safe platform with DDoS and SSL security from Cloudflare. Transparent payouts show every dollar earned. Stick to kgncloud.com to avoid fake sites. In line with sustainable ideals that are valued in Britain, KGN’s AI-driven, environmentally friendly mining produces consistent profitability. British Crypto Taxes with KGN Cloud The ATO taxes mining based on intent. Hobby miners may avoid income tax on rewards but face Capital Gains Tax when selling Bitcoin. Business miners report profits as income. KGN’s $200 plan can yield $42 in two days, and Koinly’s ATO-compliant reports make tracking easy. By October 31, 2025, sync Koinly’s dashboard with KGN’s using an API and file. Consult a tax professional for tailored advice. Disclaimer: Tax advice is general. Seek a professional for your situation. Koinly is not a financial adviser. Why KGN Cloud Is a Top Choice for the British KGN Cloud, a British innovator, leads the way for British Bitcoin miners in 2025. With a $200 entry point, AI-driven profits, and eco-friendly operations, it’s perfect for beginners and pros. Over 1.2 million British are embracing crypto, and KGN’s secure, transparent platform builds confidence. Sign up at kgncloud.com to grab your $100 bonus and start mining today! Recommended Resources Boost your crypto knowledge with these reads: ATO Crypto Tax Guide : Koinly’s tips for reporting KGN Cloud profits. Green Crypto Mining : Explore sustainable platforms inspired by global leaders. Bitcoin Halving 2024 : CoinMarketCap explains its impact on $100K+ prices. Stay Connected Subscribe to KGN’s newsletter for mining tips. Follow @KGNCloudUK on X for the British crypto updates. Stay tuned for London Blockchain Week news and exclusive $100 bonus offers. Mine smart, stay green, and ride the Bitcoin wave with KGN Cloud, proudly British! Website : https://kgncloud.com Contact: [email protected] This post No mining machine is needed, you can earn coins while lying down! KGNcloud mining allows ordinary people to easily obtain passive income from Bitcoin and Dogecoin! first appeared on BitcoinWorld and is written by Keshav Aggarwal

18 Jun 2025, 11:06

Bitmain and Leading Bitcoin ASIC Makers May Shift Production to US Amid Tariff Challenges

Leading Bitcoin mining ASIC manufacturers Bitmain, Canaan, and MicroBT are establishing US-based production facilities to counteract the impact of escalating tariffs on Chinese imports. This strategic relocation aims to sustain