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Bitmain is set to open its first Bitcoin mining hardware manufacturing facility in the US by 2025. Meanwhile, American Bitcoin, backed by Trump family members, has secured a massive ASIC purchase from Bitmain.
- Bitmain's new US facility marks a strategic shift in crypto mining hardware production away from China.
- The $314 million ASIC purchase by American Bitcoin underscores rising institutional interest in mining.
- The deal structure bypasses potential tariff impacts, highlighting geopolitical considerations in crypto supply chains.
📎 Related coverage from: cointelegraph.com
Other Tags: Bitmain, Trump Administration