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(Bloomberg) — Bitmain Technologies Ltd., the world’s largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming months, a strategic pivot riding the “Made in America” boom in digital assets.
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The company intends to officially open a new headquarters and assembly line in either Texas or Florida by the end of the third quarter. Initial output is expected in early 2026, with full-scale production ramping up later in the year, according to Irene Gao, Bitmain’s global business chief.
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The move reflects the renewed wave of American industrial policy favoring domestic production, and operational necessity. As Washington reshapes supply chains around national industrial policies, crypto mining — once a fringe pursuit — is joining the ranks of strategic industries, like semiconductors and energy.
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Bitmain expects local production to speed up deliveries and repairs for US customers, Gao said. Labor costs are higher, she added, but the move still makes commercial sense — especially in light of uncertainty around tariffs.
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The US push for Bitcoin supremacy represents “a unique opportunity,” said Gao, Bitmain’s president of mining and chief global business officer, in an interview.
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Bitmain holds a commanding share of the market for computers used to mine crypto, but US President Donald Trump’s trade war has disrupted its American business. Shipments from the Beijing-based company have been held up amid heightened Customs and Border Protection scrutiny, while in January the US Commerce Department blacklisted its artificial-intelligence affiliate, accusing it of “acting at the behest of Beijing to further the PRC’s goals of indigenous advanced chip production.”
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Further complicating matters is Trump’s campaign-trail pledge to concentrate Bitcoin mining activity in the US. Bitmain announced the launch of a US facility about a month after his November 2024 election victory, without divulging its location.
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Gao said Bitmain intends to hire 250 local employees in the first phase, trained for both manufacturing and site-level maintenance.
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Bitcoin miners use specialized computers to solve mathematical problems in order to verify blockchain transactions and earn rewards. It’s a market Bitmain has dominated since 2013 despite significant changes in the makeup of the energy-intensive industry.
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Now though with Chinese supply chains under fire and US crypto firms gaining political clout, Bitmain is pushing to secure access to US markets. The US is considered the mining sector’s global fulcrum, rising to the fore after a ban in China. Publicly listed American miners — such as Mara Holdings Inc., Riot Platforms Inc. and CleanSpark Inc. — are collectively worth tens of billions of dollars.
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Trump’s sons Eric Trump and Donald Trump Jr. have helped to set up a crypto mining venture named American Bitcoin Corp., in partnership with Hut 8 Corp. and a group of investors. Hut 8 in November 2024 announced the purchase of 31,145 Bitmain machines to upgrade its mining fleet, with delivery expected early 2025.
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