Chinese Bitcoin miners manufacturers move to the US to overcome Trump rates

By Hannah Pérez

Bitmain, Canaan and Microbt – who dominate the production of ASIC teams in 99% worldwide – are moving their production to the United States in response to tariffs, Reuters reported.

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Chinese manufacturers leaders in Bitcoin mining hardware move production to the US.
Bitmain, Canaan and Microbt explore manufacture their ASIC teams in the United States.
They seek to overcome Trump tariffs on Chinese imports, while still meeting global demand.
Change could mark a new stage of international technological competition in the Bitcoin industry.

According to information published by Reutersthe main Chinese manufacturers of equipment for mining of Bitcoin They have decided to establish production facilities in US territory in what would be an important relocation.

Bitmain, Canaan and Microbt —That collectively represent more than 99% of the global production of specific integrated circuits of mining applications of Bitcoinor Asic – they are moving their production to the United States in response to tariffs.

A study published in April by the University of Cambridge found that Bitmain It is responsible for 82% of ASIC’s production, Microbt 15% and Canaan About 2%, giving the three companies the largest combined participation of the global market.

The change would lie in commercial tensions between China and the United States, which can be translated into tariff barriers or limitations to the access of critical components, as noted by the article of Reuters.

The president of the United States, Donald Trump, announced in April a reciprocal tariff of more than 100% for the products imported from China that, added to the base tariffs, left the total figure at 145%. The decision was the cause of strong commercial tensions at the international level, which for weeks exerted pressure in global markets –including cryptocurrencies.

Trump tariffs impact Bitcoin mining

After weeks it was uncertain, Trump said at the beginning of the month that both nations agreed 55% tariffs to China and 10% to American products imported to China after negotiations of officials in London.

The US president has reiterated that he seeks to encourage production in the United States with his commercial policy; However, some specialists have argued that the measure could be counterproductive within the immediate period, seeking clashes in the supply chains of various industries and raising costs for consumers.

The mining industry of Bitcoin He is not exempt from this challenging panorama. Weeks ago, when Trump’s tariff Bitcoin In the United States to import equipment to the country for the unfavorable commercial changes.

“The commercial war between the United States and China is causing structural changes, not superficial, in Bitcoin’s supply chains“, Said Guang Yang, director of Technology of the Supplier Comlux Network, to Reuters.

ASIC TEST PRODUCTIONS IN THE UNITED STATES

Once under Chinese domain, the United States has become one of the largest cryptominery centers – currently agreed by more than 35% of the total mining power of Bitcoin. However, Asia remains the main manufacturing region of ASICs used by miners for cryptocurrency extraction operations.

“While more than 30% of Bitcoin’s global mining occurs in North America, more than 90% of mining hardware originates in China, which represents a significant imbalance of demand and geographical supply“, Commented in this sense the strategy director of AuradineSanjay Gupta, to the aforementioned publication.

According to the report, Canaanbased in Singapore and Operations in China, a test production began in the United States with the aim of avoiding tariffs after the anticipated “Liberation Day” of Trump on April 2. The perspective of tariffs means “We have to explore all alternatives”said an executive from Canaan.

Also Microbt said to be “actively implementing a location strategy in the United States “to” avoid the impact of tariffs“, According to the report.

While the specific effects of Trump’s tariffs on the mining industry Bitcoin They are still uncertain, the relocation of ASIC manufacturers is produced in the midst of an accelerated race to dominate the next generation of mining equipment, especially in the face of technological and efficiency challenges, which means that these changes could be key to the future of the sector.

Hannah Estefanía Pérez / Diariobitcoin

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