Bitmain May Launch First US Bitcoin Mining ASIC Facility by Early 2026 Amid Industry Shift
Main Idea
Bitmain plans to open its first US-based Bitcoin mining ASIC manufacturing facility by early 2026 to improve production speed and customer service for the US market.
Key Points
1. Bitmain will establish a US factory to accelerate ASIC chip production and repairs, aiming to reduce delivery and repair times for US customers.
2. The company plans to hire 250 local workers during the initial phase of its US expansion.
3. Bitmain dominates 82% of the global Bitcoin ASIC production market, with MicroBT and Canaan holding 15% and 2%, respectively.
4. US-based production helps Bitmain navigate regulatory challenges, including past seizures of hardware by US Customs and Border Protection.
5. The facility is expected to begin chip production in early 2026, with full-scale manufacturing operational by the end of that year.
Description
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