Bitmain to Establish First U.S. Factory by Late 2025

According to PANews, Bitmain, the world's largest cryptocurrency mining equipment manufacturer, is planning to open its first factory in the United States in the coming months. The company is considering locations in Texas or Florida for this new facility. The headquarters and assembly line are expected to be operational by the end of the third quarter of 2025. Irene Gao, Bitmain's global business head, stated that the initial production capacity will be available by early 2026, with full capacity anticipated by the end of that year. The company plans to hire 250 local employees initially and provide training in production and maintenance.