In a significant move for the global Bitcoin mining industry, three of China’s largest mining equipment manufacturers—Bitmain, Canaan, and MicroBT—are relocating their assembly operations to the United States to avoid new import tariffs imposed by President Donald Trump.
This decision reflects a major strategic shift. These companies are responding 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. They aim to take advantage of local labor and infrastructure to meet the rising demand in the Bitcoin market.
This move is widely seen as an effort to shield themselves from tariffs and restructure their supply chains.
“The US-China trade war is triggering structural, not superficial, changes in bitcoin’s supply chains,” said Guang Yang, Chief Technology Officer at crypto tech provider Conflux Network, as quoted by Reuters.
Currently, these three companies produce over 99% of the world’s ASICs (Application-Specific Integrated Circuits) used for Bitcoin mining.
According to research from the University of Cambridge, Bitmain leads with an approximately 82% market share. MicroBT follows with 15%, and Canaan holds about 2%.
This dominance makes the shift in production not just a tax-avoidance strategy. It also has the potential to significantly reshape global supply chains.
Previously, according to Bloomberg, US-based crypto miners faced delays in receiving shipments of new equipment after Trump’s election victory.
This shift is expected to bring substantial benefits. Most notably, it will shorten the time it takes for mining rigs to arrive at US facilities. That will help optimize supply chains and reduce logistics costs.
“Bullish for US Bitcoin mining,” an investor commented on X.
This is especially crucial as Bitcoin mining becomes increasingly competitive. Companies must maintain high efficiency to cope with rising mining difficulty after halving events.
A recent report from BeInCrypto further stated that Bitcoin mining costs have jumped over 34% as the hashrate hits a new all-time high. Many mining firms are now looking to diversify their revenue streams in order to survive.
Additionally, the United States has already established itself as the world’s leading Bitcoin mining hub, contributing more than 75% of the global hashrate. With this new plan, the US is gaining even more dominance, especially as Trump positions himself as a Bitcoin-friendly president.
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