Leading Chinese Bitcoin Mining Devices Makers Relocate To the US to Avoid Tariffs
Three Chinese giants in Bitcoin mining hardware– Bitmain, Canaan, and MicroBT– are moving production to the United States in the middle of tariff pressure. The shift reinforces American mining capacity and supply chain efficiency.
Investors anticipate this move will benefit the Bitcoin mining sector in the United States.
US-China Trade War Improves Bitcoin Mining Industry
According to Reuters, Bitmain, Canaan, and MicroBT strategy to construct manufacturing centers in the US.
“Bullish for US Bitcoin mining,” a financier commented on X.
This is particularly important as Bitcoin mining ends up being progressively competitive. Business need to preserve high efficiency to cope with increasing mining problem after halving events.
A recent report from BeInCrypto further stated that Bitcoin mining costs have actually jumped over 34% as the hashrate strikes a new all-time high.