Trump’s Miner Spends $314 Million on New Bitmain Machines

American Bitcoin Corp., a mining company connected to the family of President Donald Trump, has completed one of the biggest hardware acquisitions of the year in the cryptocurrency mining sector. This month, the company exercised its option and finalized a deal with Chinese mining giant Bitmain for 16,290 units of Antminer U3S21EXPH worth approximately $314 million. These ASIC machines (application-specific integrated circuits) are built exclusively for Bitcoin mining and deliver a combined hashrate of around 14.02 EH/s. This power could significantly boost the share of U.S. mining in the global market. The original agreement allowed for up to 17,280 units, but American Bitcoin locked in the purchase early to avoid potential price increases from planned U.S. tariffs on Chinese mining equipment.

One of the Largest Mining Orders in the U.S. This transaction strengthens American Bitcoin Corp.’s position among the largest miners in North America and shows the company’s confidence in the sector’s long-term growth – despite Bitcoin price volatility and growing competition. Orders of this magnitude have been rare among U.S. miners this year. According to sources familiar with the company, the machines will be strategically deployed across multiple large-scale locations to minimize operational risks. The deal was sealed before the Trump administration officially announced the imposition of tariffs on imported Chinese mining hardware.

Tariffs Put Pressure on the Supply Chain The new U.S. trade policy imposes broad tariffs on technology products, including ASIC miners, aiming to bring more manufacturing back to the United States. However, these measures also increase costs for companies dependent on Chinese suppliers. Bitmain responded by announcing that in 2026 it will begin producing ASIC machines in the U.S. and open a new headquarters either in Texas or Florida. The move aims to bypass tariffs, keep prices competitive for U.S. customers, and diversify manufacturing.

The ASIC Market Is Shifting According to a study by the University of Cambridge, Bitmain controls roughly 82% of the global ASIC market, followed by MicroBT and Canaan. Tariffs and macroeconomic pressures are now forcing all major players to reconsider their manufacturing strategies. Jaran Mellerud, CEO of mining company Hashlabs, warns that higher tariffs could push U.S. mining costs so high that demand for mining equipment could drop — potentially triggering a relocation of mining operations to countries with lower operational expenses. “It could end up being the exact opposite of the administration’s goal – instead of boosting the domestic crypto industry, it could push mining overseas,” Mellerud said.

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