American Bitcoin Acquires $314 Million in Bitmain Mining Rigs Amidst Tariff Concerns

American Bitcoin has secured a significant investment from Bitmain, purchasing 17,280 ASICs worth approximately $314 million. This deal, aimed at shielding the company from rising costs due to Trump administration tariffs on Chinese-made mining hardware, comes amid concerns about the potential impact of these restrictions on US Bitcoin mining operations. 14.02 exahashes per second (EH/s) of computing power were secured in the deal, bolstering American Bitcoin’s capabilities in a volatile market. The agreement reflects a trend toward securing supplies domestically, as Bitmain’s own plans for US-based production facilities and headquarters are underway.