According to Taras Kulyk, CEO of Synteq Digital, U.S. tariffs on ASIC imports could increase mining costs and slow industry expansion, potentially causing U.S. Bitcoin hashrate growth to plateau. Jeff LaBerge of Bitdeer emphasized that competition from AI data centers poses a larger challenge for miners. Lauren Lin from Luxor Technology noted miners are adapting via secondary markets to avoid tariffs. These factors may impact miner profitability and BTC supply, influencing cryptocurrency trading strategies.

According to experts such as Taras Kulyk, CEO of Synteq Digital, US tariffs on ASIC imports could increase costs for Bitcoin miners, potentially slowing US hashrate growth and leading to a plateau in dominance. Jeff LaBerge of Bitdeer noted that miners are adapting via secondary markets and efficiency upgrades, while competition from AI data centers is reducing ideal mining locations. This may affect miner profitability and BTC market supply, as reported.

According to Lex Sokolin, referencing data and comments from @mikealfred and @Invst_Informant, most publicly traded Bitcoin miners are currently valued at low earnings multiples compared to traditional tech and energy stocks. This is primarily due to market concerns over Bitcoin price volatility, regulatory uncertainty, high operational costs, and the recent halving event, which has tightened miner profit margins (source: Lex Sokolin on Twitter, May 5, 2025). For traders, these low multiples may indicate undervaluation if Bitcoin prices recover or stabilize, but the sector remains high risk due to ongoing macroeconomic and regulatory pressures. Monitoring miner profitability and BTC network metrics is crucial for anticipating potential price movements in related crypto assets.