Canaan Begins ASIC Miner Production in the U.S. Amid Strategic Shift

The ASIC miner manufacturer Canaan has successfully completed a pilot launch of its production in the United States. A representative of the company shared this news with Cointelegraph.

Additionally, the company has abandoned its plans for developing AI chips.

Canaan has termed this move as a “strategic restructuring to enhance focus.”

“I believe that concentrating on our core advantages in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” stated CEO Naneng Zhang.

The establishment of production in the U.S. is aimed at reducing supply lead times and enabling a quicker response to local demand. Canaan representatives acknowledged that manufacturing costs in the States are higher. However, the company views this not merely as a way to shield against tariffs but as a “strategic investment in long-term sustainability.”

Currently, Canaan’s products from Malaysia are subject to a 10% tariff.

Canaan has assured that its operations will adhere to American technology and safety standards.

Notably, in April, Hashlabs CEO Jaran Mellerud predicted a surge in imports of ASIC miners to the U.S. amid the “tariff pause”.