Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 14 2025

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.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

About the author

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