Companies Bitmain, Canaan, and MicroBT have started moving their production to the U.S. in response to ongoing tariffs on imports from China. This move aims to reduce costs and maintain competitiveness amidst rising trade tensions.
Reasons for Production Relocation
The relocation of production is a response to unstable tariffs related to Chinese Bitcoin mining equipment. Companies are looking to minimize import-related costs and protect their business processes amid global trade changes.
Bitcoin Equipment Market in the U.S.
Bitmain, Canaan, and MicroBT, which represent over 90% of the global market for Bitcoin mining equipment, initiated production in the U.S. in late 2024 and April 2025 respectively. This strategy is expected to improve accessibility to tariff-free equipment, potentially redistributing Bitcoin hash rates in favor of North America.
Future of Bitcoin Mining
Experts predict that the shift in production will have broader implications for the industry, including potential technological advancements and regulatory considerations. "The initiative is exploratory as the volatile tariff situation precludes heavy investment," said Leo Wang, Senior Executive at Canaan.
The relocation of major players' production to the U.S. could lead to significant changes in Bitcoin equipment supply chains and enhance the country's competitiveness in the cryptocurrency market.
