Tensions between China and the US may have the company eyeing major changes
Bitmain, a leading manufacturer of Bitcoin mining equipment, has announced plans to expand its production capabilities to the US. This move comes as trade tensions between the US and China escalate, prompting companies to seek solutions to ensure supply chain stability and efficiency.
*BITMAIN Launching U.S. Production Line*
BITMAIN is thrilled to announce the launch of its new production line in the United States. This strategic move aims to provide faster response times and more efficient services to the North American customers.
The first batch of ANTMINER… pic.twitter.com/fPdszt1rnb— BITMAIN (@BITMAINtech) December 9, 2024
Bitmain shared in a statement yesterday that the expansion aims to enhance its service to North American customers by providing quicker responses and streamlined operations.
Known for its dominance in the Bitcoin mining hardware market, Bitmain reportedly holds about 90% of the global market share for mining equipment. The company’s Antminer S21 Pro miners are set to debut later this month, a development it believes will significantly benefit its industry partners.
Recent trade restrictions between the two nations have complicated cross-border operations. The US has imposed stricter controls on the export of high-bandwidth memory chips to China, while China has limited critical mineral sales to the US. These measures have contributed to delays in the delivery of Bitmain’s application-specific integrated circuit (ASIC) machines at US ports.
Some miners have experienced delays of up to two months to access their hardware. Bitmain, however, clarified that it is not involved in any reported supply chain investigations.
This expansion aligns with a broader shift in the Bitcoin mining landscape, as over 44% of the network’s hashrate is now based in North America. Major players in the industry, such as Riot Platforms and CleanSpark, are also headquartered in the region. With growing domestic production, Bitmain’s efforts could bolster the US position in the global cryptocurrency mining sector while offering its clients more reliable access to cutting-edge technology.
Editor at the Big Blind, is a rising star in gambling journalism with a decade of experience, focusing on clear and accessible communication for a diverse audience.
