Bitmain to Open First U.S. Factory as Crypto Mining Gains Traction

Bitmain, the world’s largest maker of crypto mining machines, is preparing to open its first manufacturing facility in the United States. The company confirmed it will launch a new headquarters and production line before the end of the third quarter of 2025. This is a big move in Bitmain’s plan to grow globally. This latest news comes after the company said in December 2024 that it wants a stronger presence in the U.S. market . Bitmain’s New U.S. Base to Support Crypto Mining Growth In a recent interview , Irene Gao, Bitmain’s Global Business Chief, said that the new site will serve as both a headquarters and a production center. The company is still deciding whether to build the facility in Texas or Florida. Nevertheless, states offer strong infrastructure, reliable energy capacity, and a business-friendly environment. Notably, Texas is already home to big crypto mining companies like Hut8 , MARA, and Compass Mining. Furthermore, Bitmain plans to hire around 250 local workers for roles in manufacturing and on-site maintenance. These employees will be responsible for building and servicing the company’s advanced crypto mining rigs. Bitmain Sets Sights on U.S. Amid Mining Rig Frenzy Bitmain expects to begin production in early 2026, with full operations running before the end of the year. Although building in the U.S. comes with higher labor costs compared to other countries, Gao said the move still makes financial sense. She explained that manufacturing closer to U.S. customers could reduce shipping delays and help avoid risks tied to tariffs and international logistics. Mining machines are currently in high demand in the industry. In April, after the U.S. government paused high import taxes, many American miners had to buy more machines offshore quickly , pushing prices up. However, Bitmain’s new facility plan could help reduce the pressure by making it easier and faster for miners to get the equipment they need without importing. Crypto Mining Recognized as a Strategic Sector Bitmain’s decision also matches the U.S. government’s push to boost local manufacturing. Washington now sees crypto mining as an essential industry. In the state, Crypto mining is being grouped with other key sectors like semiconductors and energy. By making rigs closer to American customers, Bitmain is helping the country keep key technologies at home. It also reflects a bigger trend of companies trying to rely less on foreign production. The soon-to-be-launched factory will not only boost production but also create jobs and strengthen the U.S. role in the future of digital finance. The post Bitmain to Open First U.S. Factory as Crypto Mining Gains Traction appeared first on TheCoinrise.com .

Source: The Coin Rise