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.