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Trump Family-Linked Mining Firm American Bitcoin Invests Approximately $314 Million to Purchase 16,299 Antminers
By: theblockbeats.news|2025/08/15 08:52:09
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BlockBeats News, August 15th, according to Cointelegraph, earlier this month, the Trump family-affiliated mining company American Bitcoin Corp. purchased around 16,299 Antminer U3S21EXPH mining machines from Bitmain for a total price of approximately $314 million, achieving a total hash rate of 14.02 EH/s. To address tariff pressures, Bitmain announced that it will establish its first ASIC manufacturing plant in the United States by the end of the year and is also planning to set up its headquarters in either Florida or Texas.
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