Chinese Crypto Firm Bitmain to Open First U.S. Factory by Q3

Chinese crypto hardware maker Bitmain Technologies Ltd. plans to open its first U.S. manufacturing facility in either Texas or Florida by the end of the third quarter of 2025. The company will begin producing hardware in early 2026 and reach full capacity by year-end 2026.

Bitmain aims to break ground by late September 2025, though the final site is still under consideration. Irene Gao, Bitmain’s president of mining and chief global business officer, confirmed the timeline to Bloomberg. The facility will serve as both headquarters and assembly line, marking Bitmain’s first manufacturing operation outside Asia.

The factory will hire about 250 U.S. workers in the first phase, covering assembly and maintenance roles. Higher labor costs in the U.S. will increase unit expenses, but the company expects benefits from proximity and faster service to offset the added wages, particularly given uncertainties over import tariffs.

The decision follows the Trump administration’s classification of crypto mining equipment alongside semiconductors and energy as strategic industries. Bitmain expects American production to cut shipping times and reduce customs delays that have affected its Beijing-based operations since early 2024.

“Local production offers a unique opportunity to meet growing demand and navigate shifting trade rules,” Gao said. She emphasized that U.S.-based assembly will help maintain market leadership despite increased operating costs.

Bitmain has dominated the crypto mining hardware market since 2013, with supply chains concentrated in Southeast Asia. These regions now face potential trade-protection measures under President Trump’s export controls. In January 2025, the U.S. Commerce Department blacklisted Bitmain’s AI affiliate, citing national security concerns, which complicated shipments to American buyers.

Publicly traded U.S. miners, including Mara Holdings Inc., Riot Platforms Inc. and CleanSpark Inc., have pushed for domestic hardware production. Trump pledged during his 2024 campaign to concentrate Bitcoin mining within U.S. borders. Bitmain’s factory launch comes about eight months after Trump’s inauguration victory.