Reportedly, Bitmain, the leading global manufacturer of specialized hardware for Bitcoin mining (ASICs), is nearing the launch of its inaugural production facility within the United States.
According to a report published by Bloomberg on Tuesday, Bloomberg, the company intends to commence ASIC production at a new US plant in the coming months. Plans are also in motion to establish a new corporate headquarters in either Texas or Florida by the close of the third quarter in 2025.
Irene Gao, head of global business at Bitmain, revealed to Bloomberg that the company expects chip manufacturing to be underway by early 2026, with full-scale output targeted for the end of that year. According to Gao, this strategic move is aimed at reducing delivery times and improving the speed of repairs for their customer base within the US.
Gao characterized the United States’ increasing focus on Bitcoin as “a unique opportunity,” further stating Bitmain’s intention to recruit 250 local employees during the initial phase of the rollout. These new positions will offer opportunities for training in areas such as manufacturing and facility upkeep.
Cointelegraph’s request for comment from Bitmain has not yet received a response.
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Bitmain Joins Growing Trend
This development follows reports from mid-June indicating that Bitmain, along with Canaan and MicroBT – the primary producers of Bitcoin mining ASICs globally – are shifting production to the US. This move is largely influenced by significant reciprocal tariffs impacting goods from China and a more favorable policy environment regarding crypto during the Trump administration.
Collectively, these three companies dominate nearly the entire market for Bitcoin ASIC hardware. A study conducted by the University of Cambridge shows that Bitmain is responsible for 82% of worldwide Bitcoin ASIC production, with MicroBT and Canaan accounting for 15% and 2%, respectively.
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Addressing US Regulatory Concerns
Establishing manufacturing within the United States may offer a way for Bitmain to mitigate past encounters with US regulatory agencies. As recently as late November 2024, US Customs and Border Protection (CBP) temporarily delayed the delivery of a significant number of Bitmain ASIC miners.
This seizure occurred subsequent to an October investigation by US officials concerning Xiamen Sophgo, a Chinese chip design company facing allegations of business dealings with Huawei, a company subject to US sanctions. The chip designer also supports Bitmain’s ASIC operations, resulting in US authorities taking action against it. The hardware began to be released in March.
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