Chinese Mining Rigs Race Stateside as US Dominance Steals Spotlight at Bitcoin Asia 2025

American policy shifts trigger massive mining migration wave—just as Asia's flagship conference reveals who's really driving crypto's future.

The Great Hashrate Migration

Bitcoin miners don't move for scenery—they chase megawatts and policy clarity. Right now, both are flashing green stateside while China's regulatory fog persists. Entire container loads of ASICs now head east across the Pacific instead of west to Sichuan's hydro dams.

Wall Street's Mining Playbook

Institutional capital meets industrial-scale mining. US-listed mining firms leverage cheap debt and stock offerings to build out capacity that dwarfs former Chinese operations. They're not just buying rigs—they're cornering the market on energy contracts and political influence.

Asia's Strategic Pivot

Asian miners aren't surrendering—they're adapting. Southeast Asian hydro, Middle Eastern gas flaring, and Russian stranded energy create new mining hubs. But the playbook changed: it's about corporate structures and regulatory compliance now, not just finding cheap power.

The irony? Bitcoin was supposed to decentralize finance—not create a new class of mining conglomerates that eventually beg for SEC approvals. The hashrate might be migrating, but the game remains the same: follow the money until it becomes the system.

Eric Trump turns Bitcoin Asia into campaign ground

The crowd came for mining news, but they got politics too. Eric Trump stepped into the spotlight on Friday, taking the stage alongside crypto adviser David Bailey, and they certainly didn’t come to play quiet diplomats.

Eric predicted Bitcoin WOULD hit $1 million in the next few years. He also credited David for “converting” his father, and then laid out how his family sees crypto as a geopolitical tool, not just some financial bet. He said one of Donald Trump’s first moves when he returned to office was an executive order supporting dollar-based stablecoins, describing it as a direct play to protect the U.S. dollar’s dominance against China.

Eric also said, “China is still a hell of a power in crypto,” even though the government banned most token trading back in 2021. He acknowledged that countries in the Middle East are picking up speed, but added, “I really do believe the US right now is winning the digital revolution.”

That speech didn’t land smoothly with everyone. Two Hong Kong officials, Eric Yip, a regulator, and Johnny Ng, a lawmaker, suddenly backed out of speaking at the event. The South China Morning Post reported that they were advised to stay offstage while TRUMP was around.

The Securities and Futures Commission said Yip skipped the event for a business trip. Ng and the Hong Kong government said nothing.

Despite the awkward exits, the conference rolled on. Metaplanet Inc., the Japanese firm known for stacking Bitcoin, topped the sponsor list. Balaji Srinivasan, a former Coinbase exec, promoted his new project, a breakaway school inside Malaysia’s Forest City. Even Changpeng Zhao, co-founder of Binance, made a surprise appearance.

None of it pulled attention away from the U.S. Not even close. The most chaotic moment of the entire week came when Eric Trump raised his fist onstage, fired shots at banks that allegedly cut off his family’s access, and shouted out the entire Bitcoin scene. He ended it with a line that got the loudest cheers of the night: “The Bitcoin community embraced my father unlike anything I have ever seen before.”

From tech deals to campaign speeches, Bitcoin Asia became a loud, American-dominated event where Chinese companies built U.S. rigs, Trump’s son preached Bitcoin policy, and the future of mining turned red, white, and blue.

Join Bybit now and claim a $50 bonus in minutes