According to a report by Reuters on Wednesday, Bitmain, MicroBT, and Canaan—three companies that together produce most of the world's Bitcoin mining application-specific integrated circuits (ASICs)—are shifting production to the United States.
This shift is a response to the high reciprocal tariffs imposed by U.S. President Donald Trump on China. Currently, products imported from China are subject to a 25% tariff, which previously exceeded 100%.
A study by Cambridge University in April showed that Bitmain accounts for 82% of Bitcoin (BTC) ASIC production, MicroBT for 15%, and Canaan for about 2%, with the three companies collectively holding 99% of the global market share.
The study noted: "The digital mining hardware market exhibits an oligopolistic structure, with the top three manufacturers—Bitmain, MicroBT, and Canaan—controlling over 99% of the market share."
Since Bitcoin is a global network, this is not the first time geopolitics has played a role in the mining of the first cryptocurrency. Jaran Mellerud, CEO of Hashlabs Mining, stated in early April that the comprehensive tariffs from the Trump administration could lead to a collapse in U.S. demand for Bitcoin mining equipment.
According to Mellerud, these tariffs will benefit mining operations outside the U.S., as manufacturers will seek to sell excess inventory overseas at lower costs. However, with the booming U.S. Bitcoin industry, these companies are choosing to enter the U.S. market to mitigate the economic impact of the tariffs.
It remains unclear whether domestic production in the U.S. can produce Bitcoin mining ASIC equipment at prices comparable to those made in China.
Related: JD.com joins the stablecoin competition in the U.S. with the GENIUS Act
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
