Main notes
- Bitmain plans to open a factory in the United States by the end of September.
- The Chinese company is expected to employ 250 local employees.
- The points, Canaan, and microbes still control more than 90 % of the global bitcoin mining devices. .
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China has revealed its plans to enter the United States.
The Chinese company plans to launch and assemble its headquarters by the end of the third quarter of this year, according to The Bloomberg a report. Texas or Florida is likely to be the destination for Bitmain, which is expected to employ 250 local employees for its American operations.
The aim of the American facility is to launch the leading manufacturing company from mining panels is to avoid US President Donald Trump’s tariff. In August 2024, Bloomberg reported that Trump’s policies may put pressure on a point image, a prediction that appears to have been achieved.
Mining platforms are placed from China under American customs duties.
As of mid -2015, the effective tariff for Chinese mining machines is about 25 %, as well as a 10 % “global foundation” tariff under the “Liberation Day” policy in the Trump era. This total is about 35 % duty.
According to Bloomberg, the United States was aimed at reducing dependence on Chinese excavators suppliers due to the national “security concerns”.
However, Bitcoin workers’ industry may not be simply. according to ReutersThree Chinese companies, bitmap, Canaan, and microbe, control 90 % of the global bitcoin mining devices.
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Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.
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