CleanSpark Faces $185 Million Tariff Risk Due to Imported Bitcoin Mining Machines
According to a report by Jinse Finance, U.S. crypto mining company CleanSpark disclosed that some of the Bitcoin mining machines it imported between April and June 2024 were classified by U.S. Customs as originating from China, potentially subjecting them to punitive tariffs of up to $185 million. CleanSpark has denied the allegations, stating that its procurement contracts and supplier documents indicate the machines were not manufactured in China, and the company will firmly contest the charges. The report also noted that mining company IREN previously faced a similar dispute involving an amount of $100 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aerospace metal powder supplier Amaero (AMRO.US) IPO priced at $4.25 per share, fundraising amount reduced to $20 millions.
Amaero (AMRO.US), a supplier of titanium and refractory metal powders for defense and aerospace 3D printing, has raised $20 million by cross-listing on Nasdaq through the issuance of 4.7 million shares priced at $4.25 each.
British Pound: Wider trading range expected against US Dollar – UOB
Japan's Gradual "Capital Reflow": Japanese Bond Purchases Heat Up, No Major Retreat from Overseas Assets
Several leading Japanese asset management companies are expected to announce plans to increase their holdings of domestic bonds. The market is closely watching whether they will further reduce overseas assets to promote capital inflow back into Japan.
Crypto prices
More
