Controversy-Plagued Bitmain Finds Its Strongest Backer in the United States
Bloomberg reports that Bitmain, the dominant Chinese Bitcoin miner manufacturer once investigated by the U.S. for potential national security risks, has formed a major commercial alliance with Eric Trump, son of former President Donald Trump. Despite previous U.S. government concerns—including a 2024 White House order to remove Bitmain machines near a nuclear missile base and a Homeland Security probe into potential remote manipulation risks—Bitmain is now partnering with Trump’s American Bitcoin Corp. The company plans to deploy thousands of Bitmain’s Antminers in the U.S., including a massive Texas mining facility. Bitmain, which maintains over 80% market share but remains highly secretive about its leadership and structure, has also announced plans to open a U.S. assembly plant. The partnership represents a dramatic turnaround for Bitmain, leveraging political connections to expand despite ongoing regulatory and security concerns.
marsbit03/18 09:10
