Bitmain Ships 187,000 kg Antminer Parts to U.S. to Avoid Tariffs, Shifts to Local Assembly

Bitmain, a leading manufacturer of Bitcoin mining hardware, has recently restructured its U.S. logistics operations by channeling 187,000 kilograms of Antminer electronic components through Cango Inc., a newly listed New York Stock Exchange entity, to avoid potential tariffs on Chinese-made products. This move, revealed through shipment records, highlights a strategic shift toward localized assembly in the U.S., reducing exposure to trade policies that could increase costs for imported hardware [1]. The components are being shipped to a Delaware-based affiliate, where they will be assembled domestically rather than being exported as fully built machines, a departure from prior practices [2].

The logistics overhaul, initiated in June 2025, reflects Bitmain’s broader efforts to navigate market volatility and repurpose surplus inventory. Since 2023, the company has redirected over 50 EH/s of unsold Antminer S19XP units from Southeast Asia to a Georgia subsidiary, which are now consolidated under Cango’s balance sheet. This centralization underscores Cango’s role as a proxy for managing Bitmain’s inventory, enabling flexible reallocation of assets amid declining demand post-halving [1]. The firm’s strategy aligns with industry trends, as companies increasingly prioritize domestic production to mitigate geopolitical risks and regulatory complexities.

Analysts note that the shift to localized assembly serves as a defensive maneuver against trade uncertainties. By assembling components in the U.S., Bitmain avoids financial risks tied to potential tariffs proposed by the Trump administration for Chinese electronics. This approach also enhances operational agility, allowing the company to adjust production volumes in response to market fluctuations. Similar strategies have been adopted by competitors, such as MicroBT, which partners with U.S. manufacturers to assemble imported parts [2]. Bitmain’s use of U.S. subsidiaries for cost management is not new; in 2023, the firm repurposed surplus miners for internal mining operations, demonstrating a consistent focus on optimizing inventory.

The broader Bitcoin mining hardware sector is witnessing a transformation driven by shifting trade policies and supply chain dynamics. As global demand stabilizes, firms are prioritizing domestic production to comply with evolving regulations and reduce cross-border trade dependencies. Bitmain’s collaboration with Cango exemplifies how leading manufacturers are adapting to these challenges while maintaining competitiveness. By leveraging proxies for inventory management and localized assembly, companies aim to balance regulatory compliance with cost efficiency in an increasingly fragmented market.

Source:

[1] [Bitmain Ships 187000 kg Mining Parts to US to Avoid Tariffs] (https://www.ainvest.com/news/bitmain-ships-187-000-kg-mining-parts-avoid-tariffs-2507/)

[2] [Miner Weekly: Bitmain Funnels 187 Tons of Antminer Parts ...] (https://cryptonews.net/news/mining/31317190/)