American Bitcoin, a Bitcoin mining company supported by the family of U.S. President Donald Trump, has purchased 16,299 Antminer U3S21EXPH devices from Bitmain for approximately $314 million.
This agreement helps avoid the impact of import taxes and current trade tariffs. Bitmain will also open its first ASIC manufacturing plant in the United States, focusing on the domestic cryptocurrency mining market.
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American Bitcoin signs a contract to purchase 16,299 Antminer U3S21EXPH worth $314 million.
The equipment has a mining capacity of up to 14.02 EH/s, increasing Bitcoin mining efficiency.
Bitmain opens its first ASIC factory in the United States and relocates its headquarters to Florida or Texas to avoid tariffs.
What Bitcoin mining equipment has American Bitcoin purchased and what is the value of the deal?
According to sources from TheMinerMag, American Bitcoin has used options to purchase 16,299 Antminer U3S21EXPH units from Bitmain for a total value of approximately $314 million.
This type of equipment has a mining performance of up to 14.02 exahash per second (EH/s), belonging to the high-power ASIC miner category that increases the efficiency of Bitcoin mining. The bulk purchase of equipment is part of the strategy to enhance mining capacity and expand operational networks.
The agreement takes place amid the trade tariff barriers imposed by the Trump administration, but the deal ensures that prices do not increase due to those tariffs.
What does this agreement mean in the context of tariffs and U.S. trade policy?
The early contract signed by American Bitcoin helps eliminate price risks caused by the import tax policies of the Trump administration for mining equipment.
The U.S. government imposes various taxes and import restrictions to protect domestic resources, which directly affects mining and equipment production businesses in the cryptocurrency sector.
The agreement is also a move to maintain stable mining investment costs, thereby sustaining profit margins and increasing the competitiveness of American Bitcoin in the market.
What strategic steps will Bitmain take to adapt to U.S. trade policy?
Bitmain announced it will open its first ASIC manufacturing plant in the United States by the end of this year. This helps reduce dependence on imports and avoid high tariffs.
The company is also considering setting up its headquarters in Florida or Texas, states with favorable environments for manufacturing and legal frameworks supporting technology development.
This move demonstrates Bitmain's long-term commitment to expanding production and operations in the U.S. market, playing a key role in the global cryptocurrency mining industry.
The establishment of an ASIC manufacturing plant in the United States marks an important step for Bitmain in adapting to the tariff environment and expanding into international markets.
Cryptocurrency mining expert, 2024
Frequently Asked Questions
What kind of company is American Bitcoin?
American Bitcoin is a Bitcoin mining company backed by members of the family of U.S. President Donald Trump.
What are the outstanding features of Antminer U3S21EXPH?
This equipment has a mining power of up to 14.02 EH/s, optimizing Bitcoin mining performance and saving electricity.
What are the benefits of Bitmain opening an ASIC factory in the United States?
Helps reduce the impact of import tariffs, promotes domestic production, and improves the supply chain of mining equipment.
What advantages does Bitmain have by setting up its headquarters in Florida or Texas?
Legal support and a favorable business environment promote technology development in the cryptocurrency sector.
What impact does the agreement to purchase equipment from American Bitcoin have on the market?
Stimulating investment in new equipment, increasing competitiveness in cryptocurrency mining in the U.S. and internationally.
Source: https://tintucbitcoin.com/my-mua-16-299-antminers-trump-giup/
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