The "mining machine" supply chain undergoes a transformation. Three major Chinese giants set up factories in the US.

"The 'Mining Rig' Supply Chain Undergoes a Transformation: Three Chinese Giants Set Up Factories in the US"

via cnBeta.COM - Chinese Industry Information Website (author: Source: Xinzhixun)

Telegraph
"The 'Mining Rig' Supply Chain Undergoes a Transformation: Three Chinese Giants Set Up Factories in the US"

On June 19th, according to a Reuters report, the world's top three Bitcoin and cryptocurrency mining rig manufacturers, Bitmain, Canaan Creative, and MicroBT, plan to establish manufacturing plants and build supply chains in the US to avoid the impact of US tariff policies. The "mining rig" market continues to grow, and Chinese manufacturers hold a monopoly position. With the continuous growth of the cryptocurrency market in recent years and the representative Bitcoin price breaking through $100,000, the market demand for virtual currency mining rigs is also very strong. According to analysts' predictions, by 2028, the value of the mining rig industry will reach $12 billion. According to the prediction of consulting firm Frost & Sullivan, as of December 2023, the three companies, Bitmain, Canaan Creative, and MicroBT...