📈 A $314M Bet on Bitcoin Mining
American Bitcoin — a mining company backed by members of former U.S. President Donald Trump’s family — has secured 16,299 Antminer U3S21EXPH units from Bitmain. The purchase, valued at $314 million, adds 14.02 EH/s of computing power to the firm’s operations.
The order is part of an option to buy up to 17,280 ASIC miners, locking in pricing before potential increases from U.S. trade tariffs on Chinese-made mining hardware.
🏭 Bitmain Heads to the U.S.
In response to these tariff pressures, Bitmain announced plans to open its first U.S. ASIC manufacturing facility by the end of 2025. The company is also considering a headquarters in Florida or Texas.
Currently, over 99% of all Bitcoin mining hardware comes from just three companies: Bitmain, MicroBT, and Canaan — with Bitmain holding 82% of the global market share.
⚖️ Tariffs Shake Up Mining Economics
The Trump administration’s tariff strategy aims to boost U.S. manufacturing, but critics warn it could backfire. Higher prices might push miners to cut orders, forcing ASIC makers to sell abroad at lower costs — giving overseas miners an edge.
Jaran Mellerud, CEO of Hashlabs, cautioned that this could drive mining out of the U.S., undermining the goal of reshoring the crypto industry.
🔍 Why It Matters
This massive purchase signals confidence in Bitcoin mining’s future, even amid trade tensions. If Bitmain’s U.S. facility opens on time, it could mark a major shift in where the world’s mining hardware is produced.
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