American Bitcoin, a Trump Family-Linked Mining Firm, Spends Approximately $314 Million to Purchase 16,299 Antminer Machines
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According to Jinse Finance, earlier this month, American Bitcoin Corp., a mining company associated with the Trump family, purchased 16,299 Antminer U3S21EXPH units from Bitmain for a total price of approximately $314 million, with a total hashrate reaching 14.02 EH/s. In response to tariff pressures, Bitmain announced it will open its first ASIC manufacturing plant in the United States by the end of the year and is also planning to establish its headquarters in either Florida or Texas.
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