The $165 billion reality checkTSMC has committed approximately $165 billion to its Arizona operations. Equipment installation for the second Arizona fab is currently slated for the third quarter of 2026, with volume production following roughly a year later. Why crypto miners should pay attentionTSMC fabricates processors at the 3nm, 5nm, and 7nm nodes that define the bleeding edge of semiconductor technology. The Arizona expansion was supposed to add meaningful new production volume and geographic diversification to the supply chain. For Bitcoin miners specifically, the second half of 2027 is a long time to wait for additional production capacity from the world’s most important chipmaker.