Bitmain’s New US Factory: The Epic Saga of Chips, Tariffs & Texas or Florida 🌎🤖

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In what might just be the most exciting news since sliced bread (or possibly since someone figured out how to get bread sliced without a knife), the world’s premier Bitcoin mining wizardry—known affectionately as ASIC chips—has decided to hop across the pond.

This particular odyssey involves Bitmain, a company so confident in its chip-magic that it’s on the verge of opening its very first manufacturing plant in the good ol’ US of A. That’s right, folks! No longer just a distant dream or a plot in a sci-fi novel, a fancy new factory is apparently on the horizon.

According to the esteemed Tuesday report from Bloomberg (which, quite honestly, is basically the oracle of finance), the company plans to set up shop in the United States in the coming months—tentatively before the calendar flips to some time after the next ice age. The new HQ, which may or may not be in Texas or Florida, will be ready to host all those hardworking robots (or people—think of the irony) by the end of 2025.

Irene Gao, who’s essentially the boss of all things global at Bitmain, told Bloomberg that production will start as early as 2026—because nothing says speed like a giant machine factory waiting in the wings—and full-scale manufacturing will likely be in full swing before you can say “cryptocurrency”. Her words, not mine. This move? It’s all about making sure US customers get their chips faster than it takes to understand blockchain tech, which is fast indeed.

Gao also said that the US’s push for Bitcoin dominance isn’t just a whim, it’s a “unique opportunity.” (Somebody grab a cape.) Oh, and about the nice folks in the US—Bitmain plans to woo around 250 local workers for manufacturing and maintenance roles, because nothing says “American Dream” like soldering tiny semiconductor bits in your pajamas.

Bitmain, being the modest and humble company that it is, didn’t immediately respond to CryptoMoon’s call for comment. Maybe they were busy laughing at their own brilliance.

Bitmain is in good company

Not surprisingly, this news follows reports from mid-June that Bitmain, along with its trusty sidekicks Canaan and MicroBT (the three amigos of Bitcoin ASICs), are also bringing their factories to the US—a strategic move on account of tariffs that made importing chips from China about as desirable as a cactus in a balloon shop and a sudden love for American crypto policies.

These three mega-producers control nearly the entire Bitcoin ASIC market—because why settle for less? A little Cambridge study (those wise academics) found that 82% of the world’s Bitcoin mining chips come from Bitmain alone. To put that in perspective, MicroBT and Canaan share the remaining 18%, with MicroBT owning 15% and Canaan a mere 2%. That’s what we call market dominance, or a monopoly with a marketing department.

A solution to US regulatory woes

And if you thought this was just about making chips, think again. Moving production stateside might just be Bitmain’s way of dodging the US authorities’ past poetic justice. Remember late November 2024? When US Customs and Border Protection (basically the bouncers of hardware) decided to take a break and halted thousands of Bitmain ASIC deliveries? Now that, dear reader, was a dramatic cliffhanger.

The drama unfolded because of an October investigation into a Chinese chip designer—Xiamen Sophgo—over alleged shady dealings with US-sanctioned Huawei. Bitmain’s ASIC business got caught in the crossfire, and legal fireworks ensued, with hardware being held hostage. Luckily, by March, the authorities decided to start releasing hardware, probably with a few frowns and a lot of paperwork.

So, in essence, this US factory story isn’t just about efficiency or profits; it’s about survival, strategy, and maybe a dash of “we’re not playing nice anymore.”

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2025-07-29 14:06