Bitmain will establish its first factory in the United States! In response to policy benefits and Trump tariff pressures, it is expected to start production in early 2026.

robot
Abstract generation in progress

Bitmain has decided to establish its first factory in the United States, with the production base located in Texas or Florida, and construction is expected to start by the end of the third quarter of 2025, with production beginning in early 2026. (Background: Will US tariffs kill Bitcoin mining companies?) (Additional context: Is there actually a profit in the collapse of Bitcoin mining in the US? Mining industry experts say Trump's tariffs will make mining rigs from other countries super cheap.) The world's largest Bitcoin mining rig manufacturer, Bitmain, has decided to establish its first factory in the United States! According to Bloomberg, Bitmain's first production base in the US will be located in Texas or Florida, with plans to start construction by the end of the third quarter of 2025 and production expected to begin in early 2026. Responding to geopolitical pressures, it has chosen to produce at the market end. Most of Bitmain's production capacity was originally in Asia, but it is now shifting to the US for two main reasons. First, the current regulatory environment in the US is very friendly to crypto assets; with increased policy clarity and a more friendly regulatory trend, it is conducive to attracting the crypto industry to settle down. Second, Trump's tariff policies have raised the barriers for foreign products entering the US, and trade barriers and logistics risks are driving up the overall price of mining rigs. By being closer to the end market, Bitmain can 'bring costs back to predictable ranges.' In this regard, Irene Gao, Bitmain's global business leader, stated in an interview that the company plans to initially recruit 250 local employees for production and on-site maintenance work. Irene Gao noted that although labor costs in the US are higher than in other countries, the business outlook remains solid, especially under potential tariff uncertainties. The US is the global mining hub. According to data from the Cambridge Centre for Alternative Finance, since China imposed a ban on crypto mining in 2021, the US has rapidly become a major location for Bitcoin mining. As early as 2022, the US accounted for about 37.8% of the global Bitcoin computing power (hashrate), far exceeding other countries like Kazakhstan and Russia. In particular, Texas, Georgia, Kentucky, and New York have attracted mining companies due to low energy costs (such as wind, solar, and natural gas) and a loose regulatory environment. What is Bitmain? Bitmain, headquartered in Beijing, China, was founded in 2013 and specializes in Bitcoin mining equipment manufacturing and crypto mining services. The company primarily focuses on designing and producing high-performance ASIC (Application-Specific Integrated Circuit) chips for Bitcoin and other crypto mining activities. Its flagship product is the Antminer series of mining rigs, which are widely used in global crypto mining operations. In addition to hardware manufacturing, Bitmain also operates large mining pools, such as Antpool and BTC.com, which hold significant shares of the global Bitcoin hashrate. Furthermore, the company provides software and cloud services related to crypto assets. Related reports: PTT post seeking help 'Family bought virtual mining rigs': Investing 100,000, getting 500 back daily is a scam? Tether's investment empire holds 120 companies: Involved in Bitcoin mining, AI, Taiwan's XREX, Juventus Football Club 'The biggest Bitcoin miner dream' Tether collaborates with South American agricultural company Adecoagro to implement renewable energy mining <Bitmain will establish its first factory in the US! Responding to policy benefits and Trump's tariff pressure, production is expected to begin in early 2026> This article was first published in BlockTempo, the most influential blockchain news media.

TRUMP-1.48%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)