The Trump family-supported American Bitcoin has ordered over 16,000 Antminer machines from Bitmain

ChainCatcher news, according to Cointelegraph, American Bitcoin, a mining company supported by members of President Trump's family, exercised options this month to purchase 16,299 Antminer U 3 S 21 EXPH from Bitmain, with a total hash rate of 14.02 EH/s, for approximately $314 million. The agreement excludes the impact of tariff increases. Under pressure from the trade war, Bitmain announced it will establish its first ASIC manufacturing plant in the U.S. by the end of the year and plans to set up its headquarters in Florida or Texas. Data from Cambridge University shows that Bitmain holds an 82% share of the global mining machine market.