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China’s top Bitcoin mining rig manufacturers—Bitmain, Canaan, and MicroBT—are relocating parts of their production to the US in response to escalating trade tensions. The move aims to mitigate tariff impacts as the US strengthens its position in global Bitcoin mining.
- Bitmain, Canaan, and MicroBT control over 90% of the world's Bitcoin mining hardware supply.
- US-listed Bitcoin miners now contribute 31.6% of the global hashrate, a 50% increase since April 2024.
- The shift to US production could raise security concerns among regulators due to China's role in critical industries.
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