Bitcoin ASIC manufacturer Canaan has initiated pilot production in the US while discontinuing its AI hardware business, marking a strategic shift back to core cryptocurrency operations. According to a company representative, this pilot run replicates Canaan's existing operations in Malaysia, aiming to sharpen its focus on Bitcoin mining. Although US production costs are higher, Canaan views this move as essential for reducing reliance on tariffs and enhancing long-term resilience. The firm believes that local production will improve delivery times and enable quicker responses to market demands. Canaan controls 2.1% of the Bitcoin mining ASIC market, and its US expansion will depend on achieving commercial viability alongside effective cost management and a clearer tariff landscape. The company has emphasized compliance with US national security standards, indicating intentions to align operations with evolving regulations if production scales further. This decision follows investigations involving US sanctions on Chinese chip designers, highlighting the complex regulatory environment affecting the tech industry.

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