#btc

Shock in the Mining World ⛏️ and Millions of Dollars at Stake

💸

! A cryptocurrency mining company linked to #Trump

🇺🇸

is buying a massive deal before tariffs on Chinese equipment take effect

🐉

🟢AmericanBitcoinCorp, linked to the Trump family, paid

💰

$314 million to purchase 16,290 AntminerU3S21EXPH devices from the Chinese mining giant Bitmain.

🟢This massive investment🚀

gives the company tremendous mining power of around 14.02 #exahashes per second.

🟢The deal came before the Trump administration imposed tariffs

🚧

on Chinese mining equipment, in a move aimed at supporting local production

🇺🇸.

🟢For its part, #Bitmain

🇨🇳

plans to open its first production site in the United States

🇺🇸

in 2026 to avoid these taxes, and perhaps @BinanceArabic can benefit from this move!

🟢Analysts indicate that this deal shows AmericanBitcoinCorp's confidence in the profitability of the mining sector despite the fluctuations in the price of $BTC and increasing competition, while Bitmain demonstrates its ability to adapt to economic and political pressures.