Top Chinese Bitcoin Mining Hardware Makers Move Production to US to Counter Tariffs, Fortify Crypto Supply Chain

Leading Chinese Bitcoin ASIC manufacturers Bitmain, Canaan, and MicroBT, who control over 99% of global mining hardware production, are relocating production lines to the United States in response to ongoing US-China trade tensions and high tariffs on Chinese imports (currently at 25%, previously exceeding 100%). This strategic shift aims to reduce costs and ensure hardware supply for US-based Bitcoin miners, safeguarding access to essential crypto mining equipment. According to University of Cambridge research, Bitmain leads with 82% global market share, followed by MicroBT at 15% and Canaan at 2%, reflecting a highly oligopolistic market. While the tariff risk originally threatened to decrease US demand and benefit offshore miners, the local production push seeks to preserve and potentially expand these companies’ US market share. The effectiveness of US-manufactured ASICs versus Chinese ones remains to be seen, but the move is expected to stabilize supply chains, promote local jobs, and strengthen the presence of top crypto mining hardware makers in the US. This development highlights the interplay between cryptocurrency market dynamics, global trade policy, and shifting energy strategies as governments worldwide, including the US, reframe Bitcoin mining as an economic opportunity rather than solely an energy drain.