Bitmain Eyes US Expansion: Chinese Bitcoin Mining Giant Plans First American Facility

Beijing-based Bitmain—the world's largest crypto mining hardware manufacturer—is making power moves. Fresh off record ASIC sales, the company is now scouting locations for its maiden US mining facility. Because nothing says 'decentralization' like a Chinese giant colonizing Texas.

Why Wyoming won't be happy

Insiders whisper the firm's bypassing renewable-energy darlings for old-school coal states. Lower electricity costs, looser regulations—and let's be honest, Wall Street won't care about carbon footprints when quarterly profits hit ATHs.

The mining arms race heats up

This comes as Riot Platforms and Marathon Digital scramble to secure next-gen rigs. Bitmain's potential stateside foothold could reshuffle the entire North American hashrate distribution. Cue the SEC's inevitable 'national security concerns' theater.

One financier's trash...

'They'll get tax breaks, we'll get volatility,' shrugged a Goldman Sachs quant while adjusting his algo. Meanwhile, Bitcoin maximalists are already drafting tweets about 'hashrate sovereignty.' The circus is in town.

US Labor Costs Are Higher: Bitmain

Gao noted that local production WOULD speed up deliveries and repairs for US customers, while labor costs remain high. “The move still makes commercial sense,” she added, especially when there is uncertainty around tariffs.

Alternatively, Chinese supply chains are under fire, with Trump’s trade war disrupting several businesses, including Bitmain’s US expansion goals. Beijing-based company shipments have been held up at several ports with heightened scrutiny by the Customs department.

If established, Bitmain would join America’s top publicly-listed miners, including Mara Holdings, Riot Platforms and CleanSpart.

Additionally, another North American Bitcoin mining giant, Hut8, is already planning a full stock merger with Gryphon Digital Mining, under the American Bitcoin brand. Hut8 purchased 31,145 Bitmain machines to upgrade its mining fleet in November 2024.

Chinese Bitcoin Miners Pivot to US Soil

During President Joe Biden’s administration, Chinese Bitcoin miners operating in the US drew security concerns. Last year, Biden ordered a Chinese-backed cryptocurrency mining company to sell land near a Wyoming nuclear missile base, citing national security concerns.

Per the University of Cambridge report, three biggest makers of Bitcoin (BTC) mining machines — Bitmain, Canaan, and MicroBT, manufacture 99% of the world’s BTC mining hardware.

Further, Cryptonews reported that 65% of Bitcoin mining operations around the world still trace their origins to China.

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Batyr Hydyrov, CEO of crypto mining equipment provider Uminers said that China’s previous hashrate has moved to countries like Russia and the U.S. As there is a brain drain among Bitcoin miners from China to other nations, particularly the USA, the U.S.’ share of the total Bitcoin mining hashrate, or computing power, surged from 4% in 2019 to the current 38%.