Bitmain Plans US Headquarters and Factory to Avoid Tariffs

Bitmain plans to establish its headquarters and assembly facility in the United States by the end of Q3 2024. Key points include:

• The facility will likely be located in Texas or Florida.
• Bitmain aims to hire 250 local employees for US operations.
• This move is intended to avoid tariffs imposed under previous US administration policies.
• The effective tariff on Chinese-made mining rigs is approximately 35% as of mid-2025.
• The US government seeks to reduce reliance on Chinese suppliers due to national security concerns.
• Three Chinese companies, including Bitmain, dominate over 90% of the global Bitcoin mining hardware market.