
China’s Bitcoin Mining Giants Quietly Shift Production to U.S. Amid Tariffs and Security Heat
In a move seen as a strategic recalibration of the global crypto mining landscape, three major Chinese firms responsible for producing over 90% of the world’s bitcoin mining hardware have begun manufacturing in the United States to sidestep Trump-era tariffs and ease geopolitical tensions.
According to reports, Bitmain, Canaan, and MicroBT, the primary players in the industry, have started assembling machines locally to maintain competitive pricing and ensure uninterrupted access to the North American market. The significant shift highlights a significant commercial battleground for the Web3 era as Chinese companies aim to reposition themselves at the center of the world’s largest mining market while staying ahead of evolving regulations.
Industry analysts from Frost & Sullivan estimate that their combined share in computing power sold reached 95.4% by the end of 2023, solidifying their dominance in a space where national security risks are increasingly becoming a major concern for U.S. companies and officials.
The move is not just about avoiding tariffs but also about the potential to shape the process and secure partnerships with American clients. For instance, Bitmain’s AI subsidiary, Sophgo, was recently placed on the U.S. Entity List, signaling broader scrutiny of financial supply chains that underpin Chinese tech companies’ operations.
Canaan has taken a different approach by relocating its headquarters from China to Singapore, reporting that 40% of its revenue came from American-based business in 2024. MicroBT, formerly based entirely in Shenzhen, is now exploring partnerships with U.S. data centers and energy providers.
This strategic shift reflects the ongoing power struggle over supply chains and underscores a pressing need for increased investment in domestic alternatives to curb reliance on Chinese-built machines.
In conclusion, China’s bitcoin mining giants have begun manufacturing in the United States amid rising tensions, highlighting the start of a global hardware bifurcation in the Web3 era.
Source: www.cryptoninjas.net