The three best -selling makers of Bitcoin (BTC) Mining machines in the world are reportedly set up their production hubs in the US.
Reuters report That Bitmain, Canaan and Microbt, the Chinese companies behind more than 90% of the global mining installations that produce Bitcoin, establish their American bases to prevent the radical rates imposed by the Trump administration.
Bitmain, the largest of the three by sale, began to produce American mining installations in December as a strategic step after Trump’s victory at the presidential elections in November.
Canaan started his trial production in the US after the announcement of the so-called Liberation Day levies as an exploratory initiative to prevent import tasks.
The microbt in third place says that it is actively implementing a localization strategy to prevent the impact of rates.
In the meantime, the Bitcoin Mining Startup Auradine, based in the US, is called on Chinese hardware stocks to stimulate competition.
The chief strategy -officer of the company, Sanjay Gupta, says that although more than 30% of the Bitcoin -mining takes place in North America, more than 90% of the mine hardware comes from China, which is a major imbalance of geographical demand and supply.
Gupta says that thousands of Chinese mining installations are also connected to the American electric griders, which he says it entails a security risk, but Canaan Senior Executive Leo Wang says that the mining installations do not threaten safety because they are useless if they are not used for Bitcoin -Mijnbouw.
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