American Bitcoin, a mining firm co-founded by Eric and Donald Trump Jr., has struck a $314 million deal with Chinese mining giant Bitmain, highlighting both the Trump family’s growing role in the crypto sector and the fragile economics of bitcoin mining.
Eric and Donald Trump Jr.'s bitcoin company scored a $314 million deal that raises questions about preferential treatment. It also highlights a reality about the state of the booming bitcoin market. https://t.co/VYoIDJ17AF
— Axios (@axios) October 21, 2025
The deal allows American Bitcoin to acquire 16,299 mining machines in exchange for delivering $314 million worth of bitcoin within two years — an arrangement analysts say reflects current industry trends rather than favoritism.
Chris Brendler of Rosenblatt Securities noted that such flexible agreements have become common since the 2021 market crash forced miners to restructure debt.
🇺🇸 LATEST: Eric Trump claims Baron Trump "loves crypto."
— CoinDesk (@CoinDesk) October 21, 2025
Check out the full interview at 10am ET pic.twitter.com/6A2c9PkeZ0
Despite bitcoin’s recent surge to $126,000, mining profits have plunged — from roughly $400 per petahash per day in 2021 to about $50 today.
The market for ASIC machines has weakened, pushing firms like Hut 8, American Bitcoin’s parent company, to diversify into AI operations.
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TIPP Staff
