Bitmain Plans First U.S. Factory to Boost Local Crypto Mining

Bitmain Technologies Ltd., the largest manufacturer of cryptocurrency mining equipment, plans to establish its first U.S. factory by late 2025, in Texas or Florida, starting production in 2026.

This expansion aligns with U.S. ‘Made in America’ policies for digital assets, aiming to strengthen domestic supply chains amid increasing demand for locally manufactured mining hardware.

Bitmain’s Strategic U.S. Manufacturing Expansion by 2026

Bitmain Technologies Ltd. has announced plans to open its first factory in the United States, aimed at boosting local production and reducing reliance on overseas manufacturing. The company intends to establish a new headquarters and assembly line in either Texas or Florida, targeting completion by Q3 2025.

This move is seen as a direct response to increasing domestic demand for locally manufactured crypto mining equipment. Bitmain plans to employ around 250 local staff, which signifies a substantial investment in the U.S. market, highlighting the importance of proximity for enhancing service turnaround.

The market has reacted favorably, particularly in regions with established mining communities. Irene Gao, Bitmain’s Global Business Head, highlighted the opportunity to improve service efficiency and offset increased labor costs. “This US push for Bitcoin dominance is a unique opportunity. Proximity to major clients offsets steeper labor costs and improves turnaround for repairs and upgrades” – Bloomberg. However, no major statements have been issued by U.S. government officials or leading industry figures to date.

Bitcoin’s Market Dominance and Expert Insight

Did you know? Bitmain’s U.S. expansion is the company’s first major attempt to establish local manufacturing in America, similar efforts in the past focused on logistics rather than production.

As of July 29, 2025, Bitcoin (BTC) holds a market cap of formatNumber(2340095385931, 2), dominating 60.71% of the market. Trading volume reached formatNumber(68512319277, 2) with a -0.33% change over 24 hours. Data sourced from CoinMarketCap shows Bitcoin’s circulating supply nearing its max limit, with a recent 30-day rise of 9.36%.

Despite the absence of specific on-chain metrics related to Bitmain’s announcement, the potential economic, regulatory, and technological outcomes remain significant. Insights from the Coincu research team suggest the move may enhance U.S. mining competitiveness, lower logistic costs for miners, and bolster domestic hardware availability, although no direct effect on DeFi Layer 1s like ETH is expected. Explore more in the Bloomberg Tax Resources for Professionals.