Canaan Creative, a prominent manufacturer of cryptocurrency mining hardware, is strategically pivoting away from artificial intelligence (AI) chip production to concentrate fully on Bitcoin ASIC manufacturing within the United States.
This move aims to strengthen the company’s supply chain resilience and align its operations more closely with evolving US regulatory expectations. While acknowledging higher production costs associated with US manufacturing, Canaan is actively working to optimize its cost structure.
The US expansion is significantly influenced by tariff considerations and is designed to secure a stable supply of mining hardware for the North American crypto mining sector. This strategic shift reflects a broader industry trend, with other major Bitcoin ASIC producers, including Bitmain and MicroBT, also establishing or expanding their manufacturing footprints in the US.
Currently, Canaan’s devices supplied to the US market originate from its Malaysia facility, certified by local authorities. However, scaling production directly within the US will necessitate ensuring compliance with relevant US security standards.