This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Leading Bitcoin mining hardware producers—Bitmain, Canaan, and MicroBT—are relocating production to the US to avoid steep tariffs on Chinese imports. The move follows President Trump’s imposition of 25% tariffs, previously exceeding 100%. These three firms dominate 99% of the global Bitcoin ASIC market.
- Bitmain, Canaan, and MicroBT control 99% of the global Bitcoin ASIC market.
- US tariffs on Chinese imports, currently at 25%, prompted the production shift.
- Bitmain alone accounts for 82% of Bitcoin mining ASIC production.
📎 Related coverage from: cointelegraph.com