Chinese Bitcoin mining giants move production to US amid tariff tensions

Chinese Bitcoin mining giants move production to US amid tariff tensions

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The first three places in China Bitcoin Mining platforms, Portraitand CanaanIt is preferable that a microbe converts parts of its production into the United States, Reuters I mentioned On June 18.

This step comes as a response to intensifying trade tensions Carry out of President Donald Trump’s renewed policies.

This customs tariff, which aims to reduce American dependence on foreign technology, leads to major changes through the supply chain of encryption devices.

Chinese miners move to the United States

According to the report, Bitmain, the largest trio, began manufacturing in the United States last December, shortly after Trump secured his return to the presidency.

Kanaan followed him with an executive official of a company that confirms that the company in an early stage experiences to measure the long -term feasibility of American operations.

Finally, Microbt recently confirmed that it is working on a localization plan to reduce exposure to tariffs and maintain access to markets.

The three Chinese companies manufacture more than 90 % of the world BTC Mining Machinery. Specialized computers perform these heavy accounts that justify the consensus of Power Bitcoin by verifying the health of transactions and network secure.

By building factories in the United States, these Chinese companies hope to reduce the cost effect of border definitions. However, their presence may arouse security interests between American organizers, especially given the previous tensions about Chinese participation in critical industries.

American miners have become high

Chinese Bitcoin mining The step of machinery manufacturers comes more as the United States hosts an increasing share of the global bitcoin mining force.

On June 17, Matthew Siegel, You are Head of Digital Asset Research, shared Data He explains that the joint retail for two works of miners listed in the United States recently amounted to 31.6 % of the global total, which represents a new record.

The United States is mining workers in Bitcoin
The American Bitcoin miners (Source: X/Mathew Sigel)

Retail indicates the total computing power that secures the network and reflects how competitive mining has become.

During the past year, Retail from miners It rapidly increased, as it jumped by about 50 % of a decrease of 21 % in April 2024 to the current number.

This data shows a clear trend that America has become the new axis of bitcoin mining on a industrial scale, and Chinese companies are pivotal to stay in the game.

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Posted in: and and Mining

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