Overview

• Bitmain launched its first US production line in December 2024 and Canaan began pilot manufacturing in early 2025 while MicroBT is rolling out a US localization strategy.
• The Trump administration’s tariffs impose a 30% duty on high-tech equipment and an extra 20% levy on Chinese-origin mining hardware.
• Canaan moved its headquarters to Singapore and said 40% of its 2024 revenue came from US sales as part of its tariff-avoidance measures.
• US rival Auradine is lobbying to restrict Chinese mining rigs and warns that hundreds of thousands of these machines on the US grid pose cybersecurity and infrastructure risks.
• The US Commerce Department placed Bitmain’s AI-focused subsidiary Sophgo on the Entity List, marking an escalation in regulatory scrutiny of Chinese tech firms.