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
UOB Kay Hian: Maintains "Buy" rating for Waterdrop (WDH.US), raises target price to $2.23
Based on revised profit forecasts, UOB Kay Hian has maintained its “Buy” rating on Waterdrop and raised the target price to $2.23.
The "copper rush" cools off? LME sees the largest delivery in nearly four weeks, copper price retreats to $14,000
Copper prices have stabilized around $14,000 per ton after previously falling, as exchange-tracked warehouses have experienced a new round of inventory deliveries, indicating that the supply shortage has somewhat eased.
Apexindo proposes bylaw change to create Series A and Series B shares with different par values
Apexindo Pratama Duta announces extraordinary shareholder meeting
Crypto prices
More
