American Bitcoin Strengthens Operations
American Bitcoin, a crypto mining venture endorsed by members of Donald Trump’s family, has moved to strengthen its operations by exercising an option to acquire up to 17,280 application-specific integrated circuits (ASICs) from Bitmain.
Recent Acquisition Details
Earlier this month, the firm finalized the purchase of 16,299 units of the Antminer U3S21EXPH model from Bitmain, with the capability of delivering 14.02 exahashes per second (EH/s) in computational power. The total cost of this acquisition is reported to be approximately $314 million, as noted by TheMinerMag.
Strategic Transaction Structure
This transaction is notable as it has been structured to escape any effects from potential price hikes resulting from the trade tariffs and import duties imposed by the Trump administration, which particularly impact hardware sourced from China.
