Top Chinese Bitcoin Mining Devices Makers Transfer To the US to Avoid Tariffs
In a significant move for the global Bitcoin mining market, three of China’s biggest mining devices manufacturers– Bitmain, Canaan, and MicroBT– are transferring their assembly operations to the United States to avoid new import tariffs imposed by President Donald Trump. This decision reflects a major strategic shift in response to increasing trade pressure from US tariff policies. Investors predict this move will benefit the Bitcoin mining sector in the United States.
US-China Trade War Reshapes Bitcoin Mining Industry
According to Reuters, Bitmain, Canaan, and MicroBT plan to build manufacturing facilities in the US to make the most of local labor and infrastructure to meet the rising demand in the Bitcoin market. This move is widely seen as an effort to protect themselves from tariffs and restructure their supply chains.
Currently, these three companies produce over 99% of the world’s ASICs (Application-Specific Integrated Circuits) used for Bitcoin mining. Bitmain leads with roughly 82% market share, followed by MicroBT with 15%, and Canaan with about 2%.
This shift in production is not merely a tax-avoidance strategy but has the potential to significantly reshape international supply chains. It will help shorten the time for mining rigs to reach US facilities, enhancing supply chains and reducing logistics costs.
As Bitcoin mining becomes increasingly competitive, companies must maintain high efficiency to cope with rising mining difficulty after halving events. The United States, with over 75% of the global hashrate, is now positioning itself as the world’s leading Bitcoin mining hub.
This strategic move by the Chinese mining equipment makers to the US is a proactive response to the changing trade landscape and a testament to the growing dominance of the United States in the Bitcoin mining industry.
