Overview

• Bitmain plans to open its first U.S. ASIC chip manufacturing plant by early 2026 and establish a headquarters in Texas or Florida by Q3 2025.
• The company will hire and train about 250 local employees for initial manufacturing and maintenance operations.
• Local production is aimed at sidestepping up to 35% tariffs on Chinese-made mining hardware and speeding deliveries and repairs for U.S. customers.
• Heightened U.S. Customs and Border Protection scrutiny, along with the Commerce Department’s blacklisting of Bitmain affiliate Sophgo, has delayed overseas shipments.
• U.S. regulators have not clarified whether crypto mining hardware will face export controls comparable to those imposed on artificial-intelligence chips.