Bitmain Technologies, the world's largest manufacturer of cryptocurrency mining hardware, plans to build its first factory in the United States in the coming months, betting on the Trump administration's support for the crypto market.
The Chinese company plans to open new headquarters and assembly lines in Texas and Florida by the end of the third quarter, with initial production expected in early 2026.
Erini Zhao, Bitmain's global chief business officer, stated that the company expects local production to accelerate deliveries and device repairs to customers in the United States.
Bitmain plans to hire 250 local employees in the first phase of the plan in the United States, according to Bloomberg.
Despite rising labor costs in the United States, this move is necessary, especially in light of the uncertainty surrounding tariffs, which aligns with Trump's goal of supporting domestic manufacturing
