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Chinese Bitcoin Mining Giants Flee Tariffs, Establish US Foothold

by Crypto Hobby

Updated June 21, 2025

Bitcoin mining hardware operating in a US desert.

Major Chinese Bitcoin mining rig manufacturers, including industry giants Bitmain, Canaan, and MicroBT, are reportedly relocating their production facilities to the United States. This strategic move is a direct response to the ongoing tariff disputes initiated by the Trump administration, aiming to circumvent import duties and secure their market presence in a crucial region for cryptocurrency mining.

Chinese Mining Giants Shift Production to US

In a significant development for the global Bitcoin mining industry, leading Chinese manufacturers Bitmain, Canaan, and MicroBT are establishing manufacturing operations in the United States. These companies collectively dominate over 90% of the global Bitcoin mining rig market. The decision to move production is primarily driven by the desire to mitigate the impact of tariffs imposed by the US government.

Key Takeaways

Chinese Bitcoin mining manufacturers are moving production to the US to avoid tariffs.
Bitmain, Canaan, and MicroBT are the primary companies making this shift.
The move signifies a structural change in the Bitcoin supply chain due to the US-China trade war.
The US is a significant hub for Bitcoin mining, accounting for 30% of global activity.

Tariff Troubles Drive Strategic Relocation

The ongoing trade tensions between the US and China have prompted these companies to re-evaluate their global supply chains. Guang Yang, chief technology officer at Conflux Network, highlighted the profound impact, stating, “The US-China trade war is triggering structural, not superficial, changes in bitcoin’s supply chains.” This sentiment is echoed by the actions of these major players.

Bitmain, the largest of the three, began its production pivot to the US in December 2024, shortly after President Trump's election victory. Canaan initiated trial production in the US following Trump's tariff announcements in April, with senior executive Leo Wang indicating the move is about exploring alternatives amidst problematic large investments. MicroBT, the third-largest, is also actively pursuing a “localization strategy in the US” to “avoid the impact of tariffs.”

China's Enduring Dominance in Hardware

Despite the shift in manufacturing, China continues to hold a near-monopoly on Bitcoin mining hardware production. As of December 2023, Bitmain, Canaan, and MicroBT accounted for 95.4% of the global BTC mining hardware in terms of computing power sold, according to Frost & Sullivan. This dominance persists even as China banned cryptocurrency activity in 2021 due to financial stability concerns.

North America, particularly the US, is a significant player in Bitcoin mining, hosting 30% of the global hash rate. The relocation of manufacturing facilities to the US could align with President Trump's stated desire for the crypto industry to thrive within the country, potentially fostering a more favorable regulatory and economic environment for these companies.