Bitmain plans to open US production facility by end of Q3 amid policy shifts: Bloomberg
Quick Take Mining hardware firm Bitmain told Bloomberg that it plans to launch a new production line in Texas or Florida by the end of the third quarter. It intends to hire 250 local employees initially for production and on-site maintenance.
Bitmain, the world's largest manufacturer of crypto mining rigs, aims to launch its first factory in the U.S. in the coming months, following its announcement of plans for a new production line in the country in December, Bloomberg reported on Tuesday.
Irene Gao, global business chief of Bitmain, stated in an interview with Bloomberg that the company plans to launch a new headquarters and production line in Texas or Florida by the end of the third quarter. Manufacturing is expected to begin in early 2026 and reach full capacity by year-end.
Bitmain's U.S. expansion aligns with Washington's broader industrial strategy, emphasizing domestic manufacturing. Crypto mining is increasingly viewed as a strategic sector alongside semiconductors and energy as the U.S. prioritizes reshoring critical technologies.
The company intends to hire 250 local employees initially for both production and on-site maintenance roles, according to Gao. While U.S. labor costs exceed those in other countries, the business case remains solid, especially given potential tariff uncertainties, Gao said.
Bitmain did not immediately respond to The Block's request for further comment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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