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The three major Bitcoin Mining Rig manufacturers set up factories in the United States to avoid tariffs.
Gate News bot message, Reuters reported that the world's three major Bitcoin mining rig manufacturers, Bitmain, Canaan, and MicroBT, have established production bases in the United States. This move aims to avoid the new tariff policies imposed by the Trump administration.
Three companies are all from China, occupying more than 90% of the global market share. According to Canaan, its U.S. factory has begun the trial production phase and plans to control investment risks while avoiding taxes. MicroBT has also stated that it is advancing its localization strategy.
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