Bitmain, the top Bitcoin-mining ASIC manufacturer in the world, will reportedly open its first US-based production plant soon.
Bloomberg reports that the Tuesday report is accurate reportBitmain is planning to launch its first ASIC production facility in the US within the next few months. It is also reported that the company will open its new headquarters by the end third quarter in 2025, either in Texas of Florida.
Irene Gao from Bitmain, the global chief of business, said to Bloomberg that full-scale production will begin by 2026. She explained that the goal is to reduce delivery times and improve repair services for US-based clients.
Gao called out the US drive for Bitcoin dominance “a unique opportunity” Bitmain said it planned to hire 250 workers locally in the first stage of its launch. The roles include manufacturing, facility maintenance and training.
Cointelegraph contacted Bitmain for comment, but the company did not respond immediately.
Related: US mining companies feel supply squeeze from Bitmain shipment delays
Bitmain has a good reputation
The news follows mid-June reports that Bitmain, Canaan and MicroBT — which collectively produce most of the world’s Bitcoin mining ASICs — are bringing production to the US in response to the hefty reciprocal tariffs imposed on China Trump’s administration is pivoting in a more favorable direction with regard to crypto policies.
Three companies together control almost all of the Bitcoin ASIC hardware. University of Cambridge Study published Bitmain is responsible for 82% (or 82%) of the global Bitcoin ASICs production. MicroBT, Canaan and 15% or 2% are produced by MicroBT.
Related: Bitmain-linked firm Sophgo denies supplying AI chips to Huawei
The US regulators have a solution
Bitmain could also resolve its past problems with US authorities by producing in the United States. The US Customs and Border Protection Agency had halted Bitmain’s production in the United States as of late November, 2024. delivery of thousands of Bitmain ASICs.
US authorities had conducted an investigation in October of a Chinese chip designer. Xiamen Sophgo over an alleged business relationship Huawei, a company sanctioned by the US. US authorities took action because the chip designer supported Bitmain ASIC’s business. The authorities took action against Bitmain as well. began releasing the hardware in March.
Magazine: Bitcoin OG Willy Woo has sold most of his Bitcoin: Here’s why
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
