Chinese Bitcoin Mining Equipment Manufacturers Relocate Their Operations to the U.S. to Avoid Tariffs
Summary
- Major Chinese Bitcoin (BTC) mining equipment manufacturers are reportedly relocating their production bases to the United States to avoid tariffs on goods from China.
- Bitmain, Canaan, and MicroBT have already launched or are preparing for mining and localization strategies in the U.S.
- The U.S.-China trade war is prompting structural changes in the Bitcoin supply chain, and this is seen as a strategy to expand the political acceptance of Chinese mining equipment in the U.S. market.
Major Chinese Bitcoin (BTC) mining equipment manufacturers are relocating their production bases to the United States to circumvent the U.S. tariff policy targeting China.
According to Reuters on the 18th (local time), among the top three Chinese manufacturers that occupy 90% of the global mining equipment market share, Bitmain already began Bitcoin mining in the U.S. as of last December. Canaan also started trial mining in the U.S. right after President Donald Trump announced tariffs on China in April. MicroBT likewise declared it would implement a localization strategy to avoid the tariffs.
Guang Yang, CTO of Conflux Network, stated, "The U.S.-China trade war is triggering structural changes in the Bitcoin supply chain," and evaluated that "such moves by Chinese mining equipment manufacturers represent a strategic decision to attain 'political acceptance' as U.S. companies."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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