Bitmain, Canaan, MicroBT flee tariffs with U.S. Assembly

Bitmain began constructing mining rigs in the U.S. In December 2020, followed by Canaan. This shift aims to evade tariffs and address rising U.S. National security concerns about Chinese imports.

With U.S. Trade policies fluctuating, these companies see this move as essential to maintain production efficiency, avoiding financial strains from tariffs on Chinese tech hardware.

Experts emphasize the need for secure mining practices as U.S. Miners face risks due to dependence on Chinese hardware, indicating a potential vulnerability in the supply chain.