Three Chinese Bitcoin mining giants — Bitmain, Canaan, and MicroBT — are shutting down their operations in China and moving to the United States. The reason is simple: Trump’s new import tariffs are hitting their pockets so hard that it’s easier to move entire factories across the ocean.
These three companies control over 99% of the world's production of ASIC chips for Bitcoin mining. Can you imagine the scale? If they sneeze, the entire industry gets a runny nose. And now they are literally packing their bags and preparing for a big move.
Trade war changes the rules of the game
According to Reuters, manufacturers are planning to build full-scale factories on American soil. The goal is obvious: to avoid tariff hits and at the same time rebuild supply chains for the new reality.
“The US-China trade war is triggering structural, not superficial, changes in the Bitcoin supply chain,” commented Guan Yang, CTO of crypto technology company Conflux Network.
The numbers speak for themselves: according to a study by the University of Cambridge, Bitmain holds roughly 82% of the market, MicroBT controls 15%, and Canaan is content with a modest 2%. This concentration of power makes their move not just a tax optimization, but a real geopolitical shift.
Before Trump's election victory, American mining companies had already faced delays in deliveries of new equipment, Bloomberg reports. Now the situation will change dramatically - the distance from the factory to the mining farm will be reduced from thousands of kilometers to several hundred miles.
US Strengthens Position as Mining Leader
Investors are already rubbing their hands in anticipation. “A bullish signal for US Bitcoin mining,” one wrote on social media site X. And there is reason to rejoice: reduced equipment delivery times mean streamlined supply chains and lower logistics costs.
This is especially true given the growing competition in mining. A recent report from TheMinerMag found that Bitcoin mining costs jumped more than 34% after the hash rate hit a new all-time high. Many mining companies are now looking for ways to diversify their revenue streams to survive in the new environment.
The United States already dominates Bitcoin mining, accounting for more than 75% of the global hashrate. With Chinese manufacturers moving in, that dominance will become even more pronounced. Trump has positioned himself as a Bitcoin-friendly president, a development that only strengthens the U.S. position in the space.
Mining companies benefit twofold: access to modern equipment without customs delays and reduced dependence on Chinese supplies. In an era when every day of equipment downtime costs thousands of dollars, such advantages are critical to business survival.