Bitmain Expands U.S. Production to Improve Supply Chain Efficiency
Date: 2024-12-10 Author: Oliver Abernathy Categories: BUSINESS
China-based Bitmain, a leader in the Bitcoin mining hardware market, has announced that it has begun production in the U.S. In a December 9 post on X (formerly Twitter), the company said the move will allow it to respond more quickly to North American customers and improve service quality.
Bitmain, known for its ASIC (application-specific integrated circuit) mining chips, controls about 90% of the global Bitcoin mining hardware market. The first batch of new Antminer S21 Pro units will go into production this month, which the company says will significantly strengthen its partners in the industry.
Bitmain’s decision to expand comes amid rising trade tensions between China and the U.S. Washington has tightened controls on the export of technology, including high-speed memory chips, while Beijing has banned the export of important minerals to the United States.
In late November, reports emerged that U.S. Customs had delayed the delivery of Bitmain ASICs at customs points, forcing some U.S. miners to wait up to two months for their equipment. However, Bitmain has denied rumors that the company was under supply chain scrutiny.
Bitmain's move comes as Donald Trump has expressed a desire to see Bitcoin mining hardware manufactured in the United States. In June, he said it would help the country achieve "energy dominance."
According to The Chain Bulletin, more than 44.3% of the Bitcoin network's computing power is concentrated in the United States and Canada. At the same time, major mining companies such as MARA Holdings, Core Scientific, CleanSpark, and Riot Platforms are also based in the United States.
The newly elected US president also plans to impose import duties, which he says will completely eliminate the federal income tax. However, experts are skeptical about the implementation of such proposals, citing possible legislative obstacles and criticism from economists.
Thus, Bitmain's moves and support for the mining industry in the US demonstrate a desire to strengthen the country's position in the cryptocurrency industry, despite ongoing trade conflicts with China.
