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Welcome back to The Mining Pod! Today, TicTacc Director of Business Development Michael Rhoden joins us to talk about the current state of the ASIC market in 2025, including the impact of tariffs on pricing and demand, Proto’s ASIC miner launch, the rise of hydro cooling solutions, manufacturing shifts to the US, and how public miner pivots to AI/HPC are reshaping the mining hardware landscape.

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**Notes:**

• Tariffs add 19% duty on Malaysian imports

• S21 Plus best seller with hydro cooling

• Proto rig weighs 120 pounds, 10-year life

• US manufacturing capacity still limited

• Bitcoin mining margins remain thin

• Ethiopia halts new mining expansion

Timestamps:

00:00 Start

02:52 Proto miner thoughts?

04:23 Proto pricing

06:13 Consumer interest in Proto

07:32 Tariffs

10:19 Bitmain's markets

12:08 Hottest ASIC markets globally

15:34 Ethiopia market

17:12 China mining

19:34 Cooling trends

22:53 S21 oversupply?

26:48 AISC prices not in a bull run

29:08 HPC pivots

34:46 Mad in the USA

37:22 Auradine

41:00 Dynamic ASIC market

43:12 Wrap up

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