China's Top Bitcoin Mining Equipment Makers Move to the US to Avoid Tariffs

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In an important move for the global Bitcoin mining industry, the three largest Chinese mining equipment manufacturers—Bitmain, Canaan, and MicroBT—are shifting their assembly operations to the United States to avoid new import tariffs imposed by President Donald Trump.

This decision reflects a major strategic change. These companies are responding to increasing trade pressures from US tax policies. Investors predict this move will benefit the Bitcoin mining industry in the United States.

US-China Trade War Reshaping the Bitcoin Mining Industry

According to Reuters, Bitmain, Canaan, and MicroBT plan to build production facilities in the US. They want to leverage local labor and infrastructure to meet the growing demand in the Bitcoin market.

This move is widely seen as an effort to protect themselves from tariffs and restructure their supply chain.

"The US-China trade war is causing structural, not surface-level, changes in the Bitcoin supply chain," said Guang Yang, Chief Technology Officer at cryptocurrency technology provider Conflux Network, quoted by Reuters.

Currently, these three companies produce over 99% of the ASICs (Application-Specific Integrated Circuits) used worldwide for Bitcoin mining.

According to a study from the University of Cambridge, Bitmain leads with about 82% market share. MicroBT follows with 15%, and Canaan accounts for around 2%.

Distribution of mining hardware by manufacturer. Source: Cambridge Digital Mining Industry ReportDistribution of mining hardware by manufacturer. Source: Cambridge Digital Mining Industry Report

This dominance makes the production shift not just a tax avoidance strategy. It also has the potential to significantly restructure the global supply chain.

Previously, according to Bloomberg, US cryptocurrency miners faced delays in receiving new equipment shipments after Trump's election victory.

This transition is expected to bring significant benefits. Most notably, it will shorten the time for mining rigs to reach facilities in the US. This will help optimize the supply chain and reduce logistics costs.

"Positive for Bitcoin mining in the US," an investor commented on X.

This is particularly important as Bitcoin mining becomes increasingly competitive. Companies must maintain high performance to cope with increasing mining difficulty after halving events.

A recent report from BeInCrypto also revealed that Bitcoin mining costs have increased by over 34% as hashrate reaches an all-time high. Many mining companies are now seeking to diversify their income sources to survive.

Moreover, the United States has established itself as the world's leading Bitcoin mining center, contributing over 75% of global hashrate. With this new plan, the US is increasingly gaining the upper hand, especially as Trump positions himself as a Bitcoin-friendly president.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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