Bitcoin Mining Hardware Released by US

U.S. Begins Releasing Seized Chinese Crypto Mining Equipment

• U.S. authorities have started releasing thousands of seized Chinese-made crypto mining machines.
• The seizures were initiated by the U.S. Customs and Border Protection Agency, following requests from the Federal Communications Commission.
• Seizures targeted equipment from Bitmain, MicroBT, and Canaan due to AI chips from Sophgo under trade restrictions.
• Up to 10,000 mining machines were stranded at U.S. entry points, valued at over $5 million.
• The U.S. holds 43.8% of the Bitcoin network hashrate, second to China’s 45.8%.

U.S. authorities have begun releasing some of the up to 10,000 seized Chinese crypto mining machines valued at over $5 million, addressing operational challenges for U.S.-based miners who rely on regular equipment upgrades.