American Bitcoin, a mining company linked to Trump’s family, bought 16,299 ASICs from Bitmain for $314 million. The deal bypassed potential tariffs, pushing Bitmain to open a US facility. Trade tensions have miners reconsidering production locations. Bitmain dominates 82% of global mining market share. Critics fear tariffs could hurt US miners.

Read more at Cointelegraph: American Bitcoin Orders Bitmain Mining Rigs Amid Trade Tensions