Bitmain is looking to shed its ties to blacklisted Sophgo as it wins customers including Eric Trump’s new bitcoin venture.
Eric Trump speaks during the Bitcoin 2025 conference at the Venetian in Las Vegas, May 28, 2025. Credit: Travis P Ball/Sipa USA via AP Images
Bitmain, the Chinese company that leads the world in making bitcoin mining equipment, is looking to become more American — all while growing its commercial ties with the family of President Trump.
Bitmain's new ANTRACK V2, a hydro-cooling cabinet for cryptocurrency mining, as displayed on Bitmain's website.
Beijing-based Bitmain, which has a roughly four-fifths share of the global market for specialized bitcoin mining gear according to Cambridge University research, will announce by the
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Concrete outcomes are hard to discern, but Xi Jinping will see the treatment he received from Trump as a sign that China is now a peer of the United States.
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