The three major Chinese Bitcoin mining giants with a combined market share of over 90% have turned to the United States to set up factories to cope with tariff pressure

PANews
PANews|Jun 18, 2025 06:30
According to Reuters, in response to the Trump administration's imposition of tariffs on Liberation Day, Bitmain、 Canaan and MicroBT, the three major Chinese Bitcoin mining machine manufacturers, have set up production lines in the United States, accounting for over 90% of the global mining machine market. Jianan has already started trial production in the United States, while BitMicro is actively promoting localization strategies. Analysts warn that China's dominant hardware supply poses strategic risks to the United States, and American mining companies are pushing to restrict imports of Chinese products to balance supply and demand.
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