American Bitcoin (ABTC), backed by members of former President Donald Trump’s family, has finalized a deal to purchase 16,299 Antminer U3S21EXPH units from China’s Bitmain for approximately $314 million. The acquisition will add around 14.02 exahashes per second (EH/s) of computing power, moving ABTC closer to its goal of reaching 25 EH/s.
Deal Highlights
The agreement includes protection against potential price hikes from new U.S. trade tariffs.
ABTC financed the purchase by pledging 2,234 BTC and using a $46 million deposit already paid.
The new machines will be installed at the Vega site in Texas, recently energized by Hut 8, ABTC’s majority owner.
Read more about What is happening with crypto in 2025
Tariff War’s Impact on U.S. Mining
The U.S. Bitcoin mining industry is facing challenges from the Trump administration’s trade tariffs, with import duties on Chinese mining rigs reaching 57.6%. These policies have prompted major manufacturers like Bitmain to plan local production. Bitmain aims to open its first U.S. ASIC production facility by the end of 2025 and establish a headquarters in either Florida or Texas.
Critics Warn of Negative Outcomes
Critics caution that these tariffs may backfire by reducing demand among U.S. miners. Jaran Mellerud, CEO of Hashlabs, predicts that importing rigs into the U.S. will cost at least 24% more than in tariff-free countries like Finland. This price gap could weaken the U.S. market and lead manufacturers to lower prices in other regions to offload excess inventory.
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