Trend of Shifting Cryptocurrency Mining Equipment Supply Chain in the United States
<3Chinese Mining Equipment Expand US Market
On June 18, according to Reuters, the three largest Chinese Bitcoin mining equipment manufacturers b— Bitmain, Canaan, and MicroBT — have established production lines in the United States. This action reflects a 'self-rel' cryptocurrency hardware mining, reducing dependence on Chinese supply. Currently, their market share accounts for over 90% equipment of the mining equipment market. Among them, Canaan has started production testing in the US, while MicroBT is actively promoting localization strategy to adapt to Biden administration's trade policy.
US Government Policy Promotes Cryptocurrency Mining Industry Shift
The Trump administration's "Liberation Day" policy has triggered this migration wave. US cryptocurrency Miners are concerned about excessive dependence on Chinese supply, especially as trade war plays an increasingly role. warn China's domininance hardware supply could pose strategic risks to national security and economy. Therefore, the US is intensifying restrictions on imports from China to to to demand technology independence technology and independence.
Impact of Supply Chain Transformation on Global Cryptocurrency Market
The shift of mining equipment production lines to the US not only affects Chinese manufacturers but also drives up mining equipment prices,, prices,acting directly impimpminers' profits and global mining operations.. Localization strategies also help enhance US companies' competitiveness in the race to develop blockchain and cryptocurrency ecosystem. blockchain. This move contributes to promoting a decentralized mining system,iming greater sustainability and safety for the global digital economy.
