Financial News

Bitmain Expands Bitcoin Mining Hardware Production to the US

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Bitmain Expands Bitcoin Mining Hardware Production to the US Amid Escalating Trade Tensions

Bitcoin mining hardware manufacturer Bitmain has announced the expansion of its production operations to the United States, citing a strategic goal of improving supply chain efficiency.

The move comes amid escalating trade tensions between China and the US, highlighting the growing need for companies to adapt to geopolitical challenges.

“This strategic move aims to provide faster response times and more efficient services to the North American customers,” the China-based company said in a December 9 post on X.

Bitmain Controls 90% of Bitcoin Mining Hardware Market Share

Bitmain is a leading developer of application-specific integrated circuit (ASIC) chips, which are crucial for Bitcoin mining.

The company is believed to control as much as 90% of the global market share for Bitcoin mining hardware.

The first batch of Bitmain’s Antminer S21 Pro devices is expected to roll out later this month, promising what the company describes as a “significant boost” to its industry partners. The development is particularly noteworthy as it comes at a time when trade restrictions between the US and China have tightened.

Recent US export controls limit the sale of high-bandwidth memory chips to China, while China has retaliated by restricting the sale of critical minerals to the US.

Reports have also emerged of the US Customs and Border Protection Agency delaying the delivery of Bitmain’s ASIC machines at ports of entry, with some US mining operators reportedly waiting up to two months for their hardware.

Bitmain has denied involvement in any “supply chain investigation,” pushing back against these claims.

This expansion aligns with US President-Elect Donald Trump’s stated ambition to make America a hub for Bitcoin mining. Trump recently advocated for the US to produce “all the remaining Bitcoin,” framing it as a step toward becoming “energy dominant.”

According to The Chain Bulletin, over 44.3% of the Bitcoin network’s hash rate is already concentrated in North America.

Media Contact
Company Name: Keyes Miner
Contact Person: Keyes Miner
Email: Send Email
Country: China
Website: https://www.asicminersupplier.com/

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  251.89
-0.51 (-0.20%)
AAPL  326.57
+11.23 (3.56%)
AMD  503.60
-17.50 (-3.36%)
BAC  62.56
-0.11 (-0.18%)
GOOG  330.39
+2.01 (0.61%)
META  644.38
-9.31 (-1.42%)
MSFT  492.44
+0.79 (0.16%)
NVDA  218.36
-5.31 (-2.37%)
ORCL  152.94
-8.69 (-5.38%)
TSLA  363.56
-4.25 (-1.16%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback