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Crypto News > Blog > News > Under suspicion, Bitmain does not give up and settles in the US | Crypto News
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Under suspicion, Bitmain does not give up and settles in the US | Crypto News

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Last updated: 2024/12/09 at 1:24 PM
Crypto Published December 9, 2024
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Under suspicion, Bitmain does not give up and settles in the US
 | Crypto News
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Bitmain, the Chinese company that manufactures ASIC devices for Mining Bitcoin, announced this Monday the launch of its new production line in the United States.

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USA is the largest Bitcoin mining countryCrypto Keynote USA

This strategic move aims to offer “faster response times and more efficient services to North American customers,” according to the entity. The company plans provide a significant boost to mining competitiveness of its partners operating in the country.

As part of this production line, Bitmain highlighted that the first batch of Antminer S21 Pro units will be delivered this December. The S21 Pro is the latest generation miner launched by the company at the beginning of the year, as reported by CriptoNoticias.

Bitmain has been relevant in the mining business, standing out as the main manufacturer of ASIC equipment for the Bitcoin mining and other cryptocurrencies, above other competitorslike Canaan or MicroBT.

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The company not only focuses on hardware production, where it stands out with the large amount of mining equipment put on the market, but also on support services and business solutions.

In fact, it is estimated that this company is the owner of several Bitcoin mining pools simultaneously. This, added to its role as the main producer of ASIC, entails a certain risk of centralization of mining activity, which has been alerted and started to fight from other companies, such as Block, owned by bitcoiner Jack Dorsey.

The announcement of the Bitmain production line occurs in a context in which that company is under suspicion. Last November it was reported in CriptoNoticias that US customs is holding detainees several miners from this companysupposedly, because they are built with chips from Sophgo, a company that has been under scrutiny for apparently violating US sanctions.

Bitmain made the announcement via X. Source: Bitmain.

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USA is the largest Bitcoin mining country

The United States has established itself as the largest country in the practice of Bitcoin mining, accumulating 37% of the entire global hashrate Bitcoinaccording to reports from this medium.

This percentage underlines the importance of the US market for the sector and justifies Bitmain’s decision to establish a production line in the country.

Bitcoin mining in the United States has experienced significant growth, driven by abundant energy and advanced technological infrastructure, as well as large companies dedicated to the business, with farms hosting hundreds of thousands of ASIC devices.

Bitmain’s announcement comes at a time when the outlook for bitcoin mining in the United States is more positive than ever. Bitmain’s presence in the US could influence local mining dynamics, providing miners with access to cutting-edge technology with lower latency and reduced transportation costs.

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