"Bitmain to Launch US Production Line within Q3… Texas and Florida Leading Candidates"
Summary
- Bitmain announced plans to begin establishing its first production line in the United States.
- Bitmain is reviewing Texas and Florida as candidate sites and aims to reach maximum operating rate by the end of next year.
- Bitmain stated its US expansion is advantageous from a business perspective, as it aligns with the US government’s strategic policy toward cryptocurrency mining.
Bitmain, the world's largest cryptocurrency mining machine manufacturer, is planning to establish a production line in the US within the third quarter of this year. The first factory site is being considered in either Texas or Florida.
According to The Block, a media outlet specializing in digital assets, on the 29th, Bitmain will be opening its first US production line in either Texas or Florida within this year’s third quarter. Bitmain has been expressing plans to expand into the US since last December, and this decision is a continuation of that strategy. Mining machine production is to fully commence early next year, with a goal to reach maximum operating rate by the end of next year.
Irene Gao, Head of Global Business at Bitmain, stated, “At the new base, we plan to deploy 250 local employees for production and maintenance operations.” Gao added, “Although labor costs are indeed high in the United States, considering tariff uncertainties and other factors, the business case is strong.”
Meanwhile, Bitmain’s entry into the US aligns with recent US industrial strategies. The US government is classifying cryptocurrency mining along with semiconductors and energy as strategic technology sectors, encouraging reshoring of key industries.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
