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American Bitcoin's Hardware Purchase: American Bitcoin, backed by Trump family members, purchased 16,299 ASIC mining units from Bitmain for approximately $314 million, while also securing an option for additional hardware amidst trade tariffs affecting the crypto mining industry.
Impact of Trade Tariffs on Mining Industry: The Trump administration's trade tariffs are causing strain in the Bitcoin mining supply chain, prompting manufacturers like Bitmain to consider relocating operations to the US, although critics warn this could lead to decreased demand and a competitive disadvantage for US miners.
