The three best-selling makers of Bitcoin (BTC) mining machines in the world are reportedly setting up their manufacturing hubs in the US.
Reuters reports that Bitmain, Canaan and MicroBT, the Chinese firms behind over 90% of the global mining rigs that produce Bitcoin, are establishing their US bases to avoid the sweeping tariffs imposed by the Trump administration.
Bitmain, the largest of the three by sales, started producing US mining rigs in December as a strategic move following Trump’s victory in the November presidential election.
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Canaan began its trial production in the US following the announcement of the so-called Liberation Day levies as an exploratory initiative to avoid import duties.
The third-ranked MicroBT says it is actively implementing a localization strategy to avoid the impact
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