The Bitcoin mining industry is experiencing a whirlwind of activity as summer draws to a close, with tariff impacts reshaping the ASIC market, new hardware releases, and major corporate deals facing shareholder pushback. American Bitcoin’s debut saw extreme volatility, reaching highs of $13 per share before dropping to $6.38. Tariffs are redirecting global mining equipment flows, with operators leaning towards mid-gen models like J-Pros and S19s due to cost efficiency. Demand for newer models like the MicroBT M60 series and Canaan A1566 Pros is high, with manufacturers like Bitdeer keeping a sizable portion for self-mining.

Jones Research downgraded IREN from buy to hold, citing risks to Iren’s AI cloud model and potential dilution risks from further equity issuance. Two Seas Capital is urging Core Scientific shareholders to vote against the $9 billion Core Weave deal, calling it undervalued and the product of a flawed process. Core Scientific management stands to gain $200 million if the deal goes through, with concerns raised about the management’s self-interest in the deal. Core Weave’s trading price has dropped to $87, casting doubt on the deal’s likelihood of success.

Read more at Yahoo Finance: American Bitcoin’s Nasdaq debut, CORZ deal trouble, ASIC miner price update