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American Bitcoin Corp., a cryptocurrency mining firm backed by Donald Trump’s family, has finalized a $314 million deal to acquire 16,290 Antminer U3S21EXPH ASIC units from Chinese manufacturer Bitmain, as reported by The Miner Mag on August 15, 2025. This purchase, one of the largest hardware deals in the crypto sector this year, aims to boost the company’s mining capacity with a combined hashing power of 14.02 exahashes per second, enhancing its share of global Bitcoin production.
The strategic acquisition, completed before new U.S. tariffs on Chinese mining equipment take effect, secures high-performance chips to maintain profitability amid rising energy costs and Bitcoin’s price volatility, currently at $107,600. Industry trackers note such large-scale orders are rare for U.S. miners in 2025, reflecting American Bitcoin’s aggressive expansion plans post its Nasdaq listing via a merger with Hut 8. The firm plans to deploy the rigs across multiple sites to mitigate operational risks.
The deal navigates geopolitical tensions, as the Trump administration’s tariffs aim to shift manufacturing to the U.S. Critics, including Hashlabs CEO Jaran Mellerud, warn that higher costs could reduce U.S. mining profitability, potentially pushing operations abroad. Bitmain, holding 80% of the global ASIC market per a University of Cambridge study, plans to counter tariffs by opening a U.S. production facility in 2026 and a headquarters in Texas or Florida by year-end.
Backed by investors like Cameron and Tyler Winklevoss, American Bitcoin’s bold move signals confidence in the sector’s future, potentially reshaping the global mining landscape.
