Trump's Tariff Threat Yielded Results! Chinese Mining Equipment Manufacturers Have Started Moving Their Production Facilities to the USA! Here Are the Details
The three largest Bitcoin mining device manufacturers in the world, Bitmain, Canaan, and MicroBT, have started to establish production facilities in the USA.
Chinese Bitcoin Mining Giants Start Production in the US: Strategic Move Against Tax Barriers
This move stands out as a defensive strategy against the high tariffs imposed on China by former U.S. President Donald Trump in the context of trade wars.
Three companies together produce more than 90% of global bitcoin mining equipment. Their move to production in the US could protect them from additional taxes, while also triggering US security concerns regarding China in areas such as chip manufacturing and energy security.
Bitmain started production in the US in December, one month after Trump's election victory. Canaan announced that it has begun trial production in the US and that it took this step following the "Day of Liberation" tariffs announced by Trump on April 2.
MicroBT stated in its announcement that it is actively implementing its "localization strategy" in the U.S. and aims to avoid the impact of tariffs.
Conflux Network CTO Guang Yang described these developments as "not superficial, but a structural supply chain transformation," stating that U.S. companies have adopted this move not only to avoid tariffs but also as a strategy to "move towards politically acceptable hardware sources."
More than 30% of global Bitcoin mining is done in North America, while more than 90% of the hardware still comes from China.
This imbalance has particularly prompted companies like the US competitor Auradine into action. Auradine's strategy officer Sanjay Gupta argued that the connection of hundreds of thousands of China-manufactured mining devices to the US electrical grid poses a national security risk.
Although China banned cryptocurrency activities in 2021, companies such as Bitmain, Canaan, and MicroBT have maintained their leadership in the industry thanks to their identity as hardware manufacturers. Their first-mover advantage, especially in high-performance, mining-specific chip development, has put them ahead of Western competitors.
Canaan has moved its headquarters to Singapore and established a trial production line in the USA. 40% of the company's revenue comes from the US market. Vice President Leo Wang said, "Our goal is to reduce costs for both us and our customers."
Trump's promise to be the "crypto president" and his son Eric Trump's American Bitcoin initiative, established in collaboration with Hut 8, demonstrates that the United States places strategic importance on bitcoin. However, this interest makes China's dominance in infrastructure more visible.
U.S.-based major mining companies MARA, Core Scientific, CleanSpark, and Riot Platforms emphasize that excessive dependence on Chinese hardware poses potential risks.
Experts indicate that in the short term, the import of Chinese manufactured devices will continue; however, the U.S. aims to transform the mining ecosystem by pushing for the localization of these productions.
Economist Ryan M. Yonk comments, "This is not a sector blow, but the beginning of a long-overdue change."
*It is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking by downloading our Android and IOS applications right away!
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Trump's Tariff Threat Yielded Results! Chinese Mining Equipment Manufacturers Have Started Moving Their Production Facilities to the USA! Here Are the Details
The three largest Bitcoin mining device manufacturers in the world, Bitmain, Canaan, and MicroBT, have started to establish production facilities in the USA.
Chinese Bitcoin Mining Giants Start Production in the US: Strategic Move Against Tax Barriers
This move stands out as a defensive strategy against the high tariffs imposed on China by former U.S. President Donald Trump in the context of trade wars.
Three companies together produce more than 90% of global bitcoin mining equipment. Their move to production in the US could protect them from additional taxes, while also triggering US security concerns regarding China in areas such as chip manufacturing and energy security.
Bitmain started production in the US in December, one month after Trump's election victory. Canaan announced that it has begun trial production in the US and that it took this step following the "Day of Liberation" tariffs announced by Trump on April 2.
MicroBT stated in its announcement that it is actively implementing its "localization strategy" in the U.S. and aims to avoid the impact of tariffs.
Conflux Network CTO Guang Yang described these developments as "not superficial, but a structural supply chain transformation," stating that U.S. companies have adopted this move not only to avoid tariffs but also as a strategy to "move towards politically acceptable hardware sources."
More than 30% of global Bitcoin mining is done in North America, while more than 90% of the hardware still comes from China.
This imbalance has particularly prompted companies like the US competitor Auradine into action. Auradine's strategy officer Sanjay Gupta argued that the connection of hundreds of thousands of China-manufactured mining devices to the US electrical grid poses a national security risk.
Although China banned cryptocurrency activities in 2021, companies such as Bitmain, Canaan, and MicroBT have maintained their leadership in the industry thanks to their identity as hardware manufacturers. Their first-mover advantage, especially in high-performance, mining-specific chip development, has put them ahead of Western competitors.
Canaan has moved its headquarters to Singapore and established a trial production line in the USA. 40% of the company's revenue comes from the US market. Vice President Leo Wang said, "Our goal is to reduce costs for both us and our customers."
Trump's promise to be the "crypto president" and his son Eric Trump's American Bitcoin initiative, established in collaboration with Hut 8, demonstrates that the United States places strategic importance on bitcoin. However, this interest makes China's dominance in infrastructure more visible.
U.S.-based major mining companies MARA, Core Scientific, CleanSpark, and Riot Platforms emphasize that excessive dependence on Chinese hardware poses potential risks.
Experts indicate that in the short term, the import of Chinese manufactured devices will continue; however, the U.S. aims to transform the mining ecosystem by pushing for the localization of these productions.
Economist Ryan M. Yonk comments, "This is not a sector blow, but the beginning of a long-overdue change."
*It is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking by downloading our Android and IOS applications right away!