US becomes a growing haven for Chinese Bitcoin miners
The United States has witnessed a significant change in the Bitcoin network's landscape over the past few years, with an increase in the hash rate pushing China off the top spot. This shift, primarily due to restrictions on Bitcoin activities on the Chinese mainland, has paved the way for American dominance in the Bitcoin mining sector.
In 2021, the stage was set for a new era in Bitcoin mining as US-based companies started to make their mark. Bitmain, a leading player in the industry, began production in the US in December 2024, following Trump's second election victory. Canaan followed suit in 2025, setting up production in the US after the announcement of the new US tariff policy.
However, not all moves were smooth sailing. In January 2025, Bitmain's subsidiary Sophgo was placed on the sanctions list by the US Department of Commerce due to a security-related incident. This setback didn't deter other companies from entering the fray.
The Trump family, too, joined the mining sector, founding the company American Bitcoin with mining company Hut 8 to build their own production capacities and a Bitcoin reserve.
The success of this independence depends not only on political framework conditions but also on technological innovation. The global ASIC market, estimated to reach around 12 billion USD by 2028, is witnessing a shift as tariffs and political tensions, along with growing mistrust of Chinese technology, are forcing leading ASIC producers to partially relocate their production to the United States.
Companies such as Bitmain have established a presence in the US by importing and deploying significant amounts of Bitcoin mining hardware like the Antminer S19XP machines. US mining giant Riot Blockchain Inc. started relying on mining hardware from Chinese manufacturers produced in US factories since June 2023 to maintain independence from the Chinese supply chain and reduce the risk of sudden export stops.
Other US-based mining hardware producers, like Auradine, supported by MARA Holdings, advocate for restrictions on Chinese supplies due to the imbalance in geographical demand and supply. CleanSpark Inc., which took over a mining facility in Wyoming from MineOne, has committed to using mining hardware neither produced in China nor in countries on the sanctions list of the Office of Foreign Assets Control (OFAC).
Despite these efforts, the dependence of Western mining companies on Chinese technology remains for now. Over 30% of global Bitcoin mining takes place in North America, but more than 90% of mining hardware comes from China, creating a significant imbalance.
The US mining industry's long-term goal is to become more independent through its own production of mining hardware. With new players like Auradine potentially benefiting from the structural change in the global supply chain, the future of Bitcoin mining in the US looks promising.
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