Bitfarms said it was impacted by a decline in Bitcoin prices last year. The 
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across global markets. Crypto Market Manipulation Charges Target Firms, 
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targeting crypto market abuse. The U.S. Department of Justice (DOJ) […]

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About 97% of the machines used to mine Bitcoin currently come from companies 
based in China. This heavy reliance on foreign technology has created a 
bottleneck at American ports and raised alarms about the long-term security of 
the network. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto 
Over Gold To fix this, US Senators Bill Cassidy and Cynthia Lummis introduced 
the Mined in America Act. The bill aims to move the production of specialized 
computer chips and mining rigs onto American soil. Cleaning Up The Mining 
Supply Chain The proposed law creates a special &#8220;Mined in America&#8221; 
certification for data centers. To earn this label, a facility must prove it 
is not using equipment made by &#8220;foreign adversaries.&#8221; This would force a 
massive shift in how the industry operates. Right now, most miners buy their 
hardware from Chinese giants like Bitmain or MicroBT. Under the new rules, 
companies would have to phase out that gear in favor of US-made alternatives. 
It is a bold attempt to build a domestic industry from the ground up. Digital 
asset mining is a big part of our economy. We should be doing it here in 
America. Proud to introduce the Mined in America Act with @SenLummis, which 
secures supply chains, backs U.S. manufacturing, and supports this key 
industry.https://t.co/qZdv6SEe3g — U.S. Senator Bill Cassidy, M.D. 
(@SenBillCassidy) March 30, 2026 Reports indicate that federal agencies would 
play a major role in this transition. The National Institute of Standards and 
Technology would be tasked with helping US manufacturers develop more 
efficient chips. This move is designed to ensure that the US does not just 
host the mining power, but actually owns the technology behind it. By making 
the hardware at home, the industry could avoid the shipping delays and customs 
seizures that have slowed down growth over the last year. Connecting Mining To 
National Reserves The legislation does more than just worry about hardware. It 
also seeks to lock in a plan for a Strategic Bitcoin Reserve. US President 
Donald Trump has previously expressed support for the government holding a 
stockpile of the digital currency. This bill would codify that idea into law. 
It suggests that the Bitcoin held in this national reserve should ideally come 
from &#8220;Mined in America&#8221; facilities. This creates a direct link between 
national security and the computers humming in rural warehouses across the 
country. Related Reading: Bitcoin Faces Fresh Pressure As Oil Crosses $104 For 
First Time In 4 Years Data shows the US currently accounts for roughly 38% of 
the global hashrate, which is the total computing power used to secure the 
Bitcoin network. While that makes the US a leader in operations, it remains a 
follower in manufacturing. Officials said the bill would use the Manufacturing 
Extension Partnership to give small and medium-sized American factories the 
tools they need to compete. The goal is to turn Bitcoin mining into a pillar 
of American industrial policy rather than just a niche financial activity. 
Featured image from Unsplash, chart from TradingView

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