American Bitcoin, a mining firm linked to members of U.S. President Donald Trump’s family, has locked in a major hardware deal with Bitmain, securing more than 16,000 high-performance Antminer U3S21EXPH units.
The purchase, worth roughly $314 million, will add 14.02 exahashes per second (EH/s) of computing power to the company’s operations.
The agreement also covers up to 17,280 application-specific integrated circuits (ASICs) and shields the buyer from any price hikes tied to new U.S. trade tariffs on Chinese-made mining equipment.
Bitmain Moves Manufacturing to the U.S.
Facing the tariff squeeze, Bitmain — which controls about 82% of the global Bitcoin mining hardware market — announced plans to open its first American ASIC production facility before year’s end, alongside a new U.S. headquarters in either Florida or Texas.
Industry-wide, the tariffs are prompting manufacturers to consider relocating production to the U.S. to bypass import taxes. Currently, more than 99% of all Bitcoin mining machines come from just three companies: Bitmain, MicroBT, and Canaan, according to the University of Cambridge.
Mixed Reactions to Tariff Strategy
The Trump administration’s push to bring crypto-related manufacturing onshore has divided opinion. Supporters see it as a way to strengthen domestic supply chains, while critics warn it could push costs higher and hurt U.S. miners.
Hashlabs CEO Jaran Mellerud argues that higher prices could slash demand from American miners, leaving manufacturers with excess inventory they might sell abroad at lower prices. This, he says, could shift mining activity back overseas — the opposite of the administration’s goal.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/trump-linked-bitcoin-miner-buys-314m-in-rigs-ahead-of-tariff-shift/