American Bitcoin, a mining company with ties to the Trump family, has secured a major deal with crypto mining giant Bitmain. The agreement involves acquiring over 17,000 ASICs, adding 14.02 exahashes per second to its computing power for an estimated $314 million.
The primary goal of this deal is to protect American Bitcoin from potential price increases resulting from the Trump administration’s tariffs on China-made mining hardware. In response to these trade restrictions, Bitmain is planning to open its first U.S. ASIC production facility and a new headquarters in the country.
The move to impose tariffs is intended to boost domestic manufacturing, but it has created tension in the Bitcoin mining supply chain. Critics, like Hashlabs CEO Jaran Mellerud, warn that higher equipment costs could hurt demand from U.S. miners and potentially drive mining operations back overseas, undermining the intended goal of the tariffs.
August 2025, Cryptoniteuae
