🇺🇸 Chinese #mining giants shift to the U.S. due to tariffs
Bitmain, MicroBT, and Canaan — responsible for 99% of global #asic miner production — are launching localized manufacturing in the U.S. to bypass American import tariffs on Chinese equipment.
➡️ What’s happening?
🟡 The U.S. imposed a 25% tariff on Chinese mining equipment — previously, rates reached up to 100%
🟡 Instead of losing the American #market , the top three manufacturers are setting up local production
🟡 Bitmain already faced issues in 2024 — 10,000 ASICs were held at the border due to Huawei connections
➡️ Why does it matter?
🟡 Bitmain, MicroBT, and Canaan dominate the ASIC market — now part of that market shifts to the U.S.
🟡 Local production reduces logistics risks and gives a competitive edge domestically
🟡 Despite trade tensions, the U.S. remains a key market for mining hardware
