American Bitcoin, a crypto mining company backed by Donald and Eric Trump, is expanding its operations with a significant capital raise of $220 million. This funding will be used to expand its mining capabilities and prepare for a planned Nasdaq listing in Q3 2025. 16,299 new mining units have been acquired, bolstering the company’s capacity significantly. The company’s expansion aims to capitalize on growing institutional interest in crypto mining. This move could impact Bitcoin’s hash rate and market dynamics as it navigates ongoing tariffs on Chinese mining hardware imports. The funding announcement follows a strategic partnership with Hut 8, enabling American Bitcoin to leverage resources while minimizing potential trade tariff impacts.