America Mines 38% of All Bitcoin. It Makes 0% of the Hardware to Do It.
The United States has the largest Bitcoin mining sector in the world -- roughly 38% of global hash rate. Every major mining farm from Texas to Wyoming is driving American energy revenue, domestic job creation, and grid stabilization benefits.
The hardware powering those farms? 97% of it is made in China, by Bitmain and MicroBT -- two companies with known Communist Party ties and opaque supply chains.
Senators Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) introduced the Mined in America Act on March 30 to address exactly this dependency. The bill creates a voluntary "Mined in America" certification program for Bitcoin mining hardware manufactured or substantially assembled in the United States. Certified hardware would receive preferential treatment in federal procurement and potentially favorable financing terms.
The national security framing is deliberate -- and it works. Bitmain is currently under federal investigation for alleged surveillance capabilities embedded in its ASIC hardware. Whether or not the investigation produces indictments, the structural risk is real: a foreign adversary controls the hardware that secures a $1.5 trillion network that underpins an increasing share of American financial infrastructure.
The CHIPS Act analogy is apt. Congress spent $52 billion to rebuild domestic semiconductor manufacturing because Taiwan Semiconductor being the only source of advanced chips was a national security liability. The ASIC situation is structurally identical -- and the dollar amounts to fix it are a fraction of the cost.
The bottom line: America can't have a Strategic Bitcoin Reserve, a domestic mining industry, and a Bitcoin legislative agenda while outsourcing 100% of the hardware to a geopolitical adversary. Mined in America is how that changes.