American Bitcoin, Backed by the Trump Family, Orders Over 16,000 Antminer Rigs from Bitmain
According to ChainCatcher, citing a report from Cointelegraph, American Bitcoin, a mining company backed by members of former U.S. President Trump's family, exercised its option this month to purchase 16,299 Antminer U3 S21 EXPH units from Bitmain, with a total hashrate of 14.02 EH/s and a transaction value of approximately $314 million. The agreement excludes the impact of tariff increases. Under pressure from the ongoing trade war, Bitmain announced it will establish its first ASIC manufacturing plant in the United States by the end of the year and plans to set up its headquarters in either Florida or Texas. Data from the University of Cambridge shows that Bitmain holds an 82% share of the global mining machine market.
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