Bitcoin News Today: American Bitcoin Buys $314M in Bitmain Miners to Boost Hash Power by 14.02 EH/s

American Bitcoin, a cryptocurrency mining firm with ties to U.S. President Donald Trump’s family, has completed a $314 million purchase of over 16,000 Antminer U3S21EXPH units from Bitmain, the leading manufacturer of Bitcoin mining hardware [1]. The acquisition is expected to significantly boost the company’s computing power by adding 14.02 exahashes per second (EH/s) to its operations. The purchase also includes up to 17,280 application-specific integrated circuits (ASICs) and includes provisions shielding the buyer from potential price surges due to upcoming U.S. trade tariffs on Chinese-made mining equipment [1].

The timing of the transaction aligns with anticipation of new U.S. tariff policies on imported mining hardware. In response to these pressures, Bitmain, which holds an estimated 82% of the global Bitcoin mining hardware market, is establishing its first U.S.-based ASIC manufacturing facility. The new facility, expected to be operational before the end of 2025, will be located in either Florida or Texas [1]. This move is part of a larger industry trend, with mining hardware manufacturers reevaluating production strategies to mitigate the impact of import duties. According to the University of Cambridge, more than 99% of Bitcoin mining hardware is currently produced by just three firms: Bitmain, MicroBT, and Canaan [1].

The Trump administration’s focus on shifting crypto-related manufacturing to the U.S. has sparked a range of reactions. Advocates argue the strategy will strengthen domestic supply chains, but critics, including Jaran Mellerud, CEO of Hashlabs, caution that it could lead to higher operational costs for U.S. miners. Mellerud notes that rising equipment prices may reduce demand from domestic operations, potentially resulting in surplus inventory sold at a loss overseas. This, he argues, could inadvertently push mining activity back to jurisdictions with lower costs, undermining the intended benefits of onshoring [1].

As trade policies and regulatory environments continue to evolve, the impact on the cryptocurrency mining industry remains uncertain. The strategic moves by major players like Bitmain and American Bitcoin highlight the growing influence of U.S. trade and manufacturing policies on a sector historically dominated by offshore production and supply chains.

Source: [1] Trump-Linked Bitcoin Miner Buys $314M in Rigs Ahead of ... (https://coindoo.com/trump-linked-bitcoin-miner-buys-314m-in-rigs-ahead-of-tariff-shift/)