Trump-Backed Bitcoin Miner Acquires 16,299 Bitmain ASICs Despite Trade Tensions

American Bitcoin, a mining company supported by Trump family members, recently ordered 16,299 Bitmain Antminer U3S21EXPH mining units from China’s Bitmain, marking a significant investment in the industry. The firm will use the ASICs to power its operations and bolster its computing power, which is expected to reach 14.02 exahashes per second (EH/s). This purchase comes amidst ongoing trade tensions between the US and China, where tariffs imposed by the Trump administration have significantly impacted the Bitcoin mining hardware sector.