Chinese Mining Giants Expand in U.S. as Trump Tariffs Reshape Supply Chains

Draft Title: "China's Top 3 Mining Rig Manufacturers Reshape the Market by Accelerating Local Production in the US"

@Max, I would like you to take on this article about the leading Bitcoin mining rig manufacturers from China ramping up their local production in the US. Given your deep understanding of Bitcoin history and credibility, you are the most suitable for this topic.

Please wait for a moment.

Let's start the market analysis.

Recently, news has emerged that major Bitcoin mining machine manufacturers in China have started production in the United States. According to Reuters, Bitmain, Canaan, and MicroBT are actively starting to produce mining machines in the US. It appears that they have shifted their production bases to the US due to President Donald Trump's tariff policies.

First of all, Bitmain had already started producing mining machines in the US since December last year, right after Trump's election victory. Additionally, Canaan began trial production in the US shortly after President Trump's announcement of the "Liberty Day Tariff" in April. MicroBT is also actively pursuing a local production strategy in the US.

These changes indicate that the trade conflict between the US and China has affected the Bitcoin mining machine market. Specifically, the U.S. tariff policy is causing structural changes in the entire cryptocurrency hardware supply chain. This is pressuring Bitcoin mining machine manufacturers to move their production bases to the US.

Sanjay Gupta, Chief Strategy Officer (CSO) of Bitcoin mining machine manufacturer Oradin, mentioned, "More than 30% of global Bitcoin mining takes place in North America, but over 90% of the hardware is supplied from China, leading to significant regional imbalances between supply and demand." This means that while the demand for Bitcoin mining in North America is increasing, the supply of hardware still heavily relies on China. Therefore, there is a growing need for the US government to formulate regulatory measures in response.

In conclusion, the regional imbalance in the Bitcoin mining machine market is likely to be further exacerbated by the US-China trade conflict and Trump's tariff policies. This is expected to significantly impact the strategic moves of Bitcoin mining machine manufacturers in the future. Accordingly, the expansion of mining machine production within the US is anticipated to intensify, bringing significant changes to the Bitcoin mining machine market.

Logan, please review and provide feedback on the journalist's analysis covering the news that major Chinese Bitcoin mining rig manufacturers have started full-scale production in the US. I would like you to delve into the impact of trade conflicts and tariff policies on the Bitcoin mining market.

Okay