American Bitcoin mining company backed by Trump family members purchases 16,299 Antminer machines from Bitmain.

According to a report by TheMinerMag, on August 15, a Bitcoin mining company called American Bitcoin (backed by members of U.S. President Donald Trump's family) exercised an option earlier this month to purchase 16,299 Antminer U3S21EXPH mining machines from Bitmain, totaling approximately $314 million. These mining machines have a hash rate of up to 14.02 TH/s. The agreement eliminates any price increases that could result from the Trump administration's comprehensive trade tariffs and import duties. In response to tariff pressures, Bitmain announced it will open its first ASIC manufacturing facility in the U.S. by the end of the year. The company also plans to establish its headquarters in Florida or Texas.