Bitmain, Canaan, and MicroBT, three of the world’s biggest Bitcoin mining machines, are building factories in the United States as a smart way to escape the effects of possible increased tariffs under a future Trump administration.
The corporations are working with U.S. partners to set up production lines that will let them put “Made in the USA” on their products. President Trump’s term in the Oval Office has had a keen emphasis on rolling out new tariffs on Chinese tech imports.
The mining equipment titans can keep their market share in North America and keep prices low by making their products in the U.S. Reuters says that this action is mostly preemptive, meaning that the company is trying to protect its business from political and economic shocks that could hurt global trade.
Bitmain, Canaan, and MicroBT are all working with American manufacturers to set up production hubs, especially in states like Texas, which has become a major player in the global crypto mining scene because it has low energy costs and is easy to work with when it comes to regulations.
MicroBT has already started putting together its WhatsMiner rigs in the U.S. The company announced its ambitions at a recent industry gathering in Miami. The company stressed that most of the parts it uses in its U.S. production will come from the U.S., which puts it in a good position for any changes in trade policy in the future.
Bitmain and Canaan are going in the same direction. Reports say that Bitmain has increased its work with U.S. companies and is aggressively working to expand its position in the U.S. At the same time, Canaan is not just looking into U.S. assembly, but it is also thinking about working with American tech companies on chip design.
In addition to avoiding tariffs, the move is also about making supply chains more diverse and lowering the geopolitical risks that come with relying too much on China-based manufacturing.
With this change, these companies can cut delivery times, respond more quickly to customer requests, and possibly win over the U.S.-based clients who prefer technology made in the U.S.
The Reuters report says that industry experts think this is part of a larger trend in which important tech companies, especially those in politically sensitive fields like semiconductors and crypto, are moving their production to different parts of the world.
Trump, who calls himself the “crypto president,” and his son Eric Trump, recently worked with Hut 8 to start American Bitcoin, a miner that wants to construct a national crypto reserve.
But there’s a significant problem: most rigs still originate from China. John Deaton, a U.S. attorney who works with cryptocurrencies, said, “If China limits exports or changes supply, it could make Bitcoin’s network less stable and hurt U.S. users and investors.”
Even though they want to put “America First,” big U.S. mining companies like MARA, CleanSpark, Riot Platforms, and Core Scientific still need Chinese gear to work.
