Connect with us

Hi, what are you looking for?

Thursday, Jul 31, 2025
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.
Bitmain intends to enter US market with Texas or Florida based facility
Bitmain intends to enter US market with Texas or Florida based facility
Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik, Iceland. Image from Jemima Kelly via Reuters.

Crypto/Blockchain

Bitmain intends to enter US market with Texas or Florida based facility

Bitmain aims to speed up deliveries and repairs for US customers through local production

Cryptomining hardware giant, Bitmain Technologies Ltd., plans to open its first US facility and assembly line in either Texas or Florida by the end of the third quarter, 2025.

Initial output is scheduled for early 2026, with full-scale production to follow later that year, Irene Gao, Bitmain’s president and mining and chief global business officer, on Tuesday.

This move reflects both strategic necessity and the US push to bolster domestic production. Washington’s new industrial policy favours local supply chains. As a result, crypto mining is joining sectors like semiconductors and energy as strategic industries.

Bitmain aims to speed up deliveries and repairs for US customers through local production, Gao said. Labor costs are higher in the US, however, she noted that the shift remains commercially viable. The uncertainty surrounding tariffs adds further motivation for the move.

“The US push for Bitcoin supremacy represents a unique opportunity,” said Gao.

Bitmain dominates the market for crypto mining computers but has struggled with disruptions from the US-China trade war. Customs and Border Protection has held up shipments, and in January, the US Commerce Department blacklisted Bitmain’s artificial-intelligence affiliate. Officials accused the affiliate of supporting Beijing’s push for advanced chip development.

President Donald Trump has pledged to concentrate Bitcoin mining in the US. Bitmain announced its US facility about a month after his November 2024 election win but has yet to name the location.

In the project’s first phase, Bitmain plans to hire 250 local employees trained for manufacturing and site-level maintenance.

Read more: Hut 8 Corp and Trump family collaborate on new Bitcoin mining company

Read more: DeFi Technologies joins MVIS index and VanEck Digital ETF

US has become the world’s cryptomining hub

Bitcoin miners use specialized computers to solve complex problems and verify blockchain transactions. Bitmain has led this market since 2013. However, rising political support for US-based crypto firms and trade scrutiny of Chinese companies now pressure Bitmain to establish an American foothold.

The US has become the world’s leading crypto mining hub. This shift followed China’s mining ban. Publicly traded US miners like MARA Holdings Inc (NASDAQ: MARA), Riot Platforms Inc (NASDAQ: RIOT), and CleanSpark Inc (NASDAQ: CLSK) collectively hold valuations in the tens of billions of dollars.

Additionally, Eric Trump and Donald Trump Jr. have launched a mining venture named American Bitcoin Corp. They partnered with Hut 8 Corp (NASDAQ: HUT) (TSE: HUT) and other investors. In November 2024, Hut 8 bought 31,145 Bitmain machines to upgrade its fleet, with deliveries due in early 2025.

Bitmain still operates major facilities across Southeast Asia. However, that region remains vulnerable to new US trade-protection measures.

It remains unclear what regulatory challenges Bitmain will face as it expands into the US. Biden-era security concerns linger around Chinese miners on American soil. Regulators have not confirmed whether crypto mining gear will fall under the same export restrictions as artificial-intelligence chips.

Bitmain has maintained its lead through proprietary technology that enables low-cost mass production of advanced mining chips. While several US companies, including Block Inc. (NYSE: XYZ) and Auradine (backed by MARA Holdings), have entered the hardware market, none have matched Bitmain’s global scale.

 

Follow Mugglehead on X

Like Mugglehead on Facebook

Follow Joseph Morton on X

joseph@mugglehead.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

AI and Autonomy

It is currently only available in the United States

Crypto/Blockchain

The White House urged Congress to finalize legislation that would create a clear, national framework for digital assets

AI and Autonomy

Ensuring the system's resilience in low-resource environments has been a core design priority

AI and Autonomy

It uses a machine-learning algorithm to analyze the immune response, detecting patterns unique to each individual