Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12820
Markets: 99549
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12820
Cryptocurrencies
60.35%
Bitcoin Share
The Coin Rise 2024-12-10 09:07:39

Bitmain Expands Production to U.S. Amid Rising Bitcoin Mining Demand

Bitmain Expands Production to U.S. Amid Rising Bitcoin Mining Demand

China-based Bitcoin mining hardware giant Bitmain has announced the expansion of its production operations to the United States in a strategic effort to streamline supply chains and cater to North American customers. This development comes as trade tensions between the U.S. and China escalate , threatening the seamless delivery of critical mining equipment. Bitmain Shifts Amid Trade Pressures In a December 9 X post, Bitmain emphasized its commitment to improving response times and operational efficiency for its North American clients. The move is particularly significant as the company faces challenges posed by heightened export restrictions and delays at U.S. ports of entry. A November report highlighted that U.S. Customs and Border Protection had held up shipments of Bitmain’s Application-Specific Integrated Circuit (ASIC) machines for up to two months, disrupting operations for American Bitcoin miners. Despite these hurdles, Bitmain dismissed claims of being involved in any supply chain investigations, reaffirming its dedication to serving the crypto mining community. The first batch of Antminer S21 Pro miners is set for release later this month, promising to bolster the capabilities of its industry partners. Growing Mining Dominance Bitmain’s decision to establish production capabilities in the U.S. aligns with the region’s growing dominance in Bitcoin mining. North America now accounts for over 44.3% of the Bitcoin network’s total hashrate, according to The Chain Bulletin’s Bitcoin Mining Map. The presence of leading mining firms such as MARA Holdings, Core Scientific, CleanSpark, and Riot Platforms underscores the U.S.’s position as a critical player in the global crypto mining ecosystem. The expansion also coincides with plans by U.S. President-Elect Donald Trump, who has expressed a desire for Bitcoin mining to be centralized within the country. In a June 12 Truth Social post, Trump suggested that increasing domestic Bitcoin production could help the U.S. achieve “energy dominance.” However, experts are divided on the feasibility of Trump’s proposed policies , including tariffs on imports and the elimination of federal income tax. Economists argue that such measures could face legislative pushback, potentially delaying their implementation. As the geopolitical landscape continues to evolve, Bitmain’s proactive approach could pave the way for more stable and efficient mining operations. The post Bitmain Expands Production to U.S. Amid Rising Bitcoin Mining Demand appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.35%
Bitcoin Share
69
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.