Top Chinese bitcoin mining machine makers move production to US to avoid tariffs

From Yahoo Finance: 2025-06-18 00:33:00

The world’s top bitcoin mining machine makers – Bitmain, Canaan, and MicroBT – are shifting manufacturing to the U.S. to avoid Trump’s tariffs. The move could address security concerns but reshape the crypto supply chain. U.S. firms seek “politically acceptable” hardware sources amid a $12 billion market dominated by Chinese manufacturers.

The trio hold 95.4% of the hardware market, with Auradine lobbying for more competition. U.S. miners rely on Chinese rigs, posing a security risk. Canaan’s mining rigs, however, are not a threat to security. U.S. restrictions on high-tech sales to China could impact manufacturers like Bitmain, which is blacklisted by the U.S.

China’s dominance in bitcoin hardware has led to U.S. miners relying heavily on Chinese-made rigs. Trump’s crypto-friendly policies may emphasize China’s role in bitcoin infrastructure, potentially affecting rig makers. Chinese rig makers setting up shop in the U.S. could lead to a necessary industry shift.



Read more at Yahoo Finance: Dominant Chinese makers of bitcoin mining machines set up US production to beat tariffs