A Chinese tech manufacturer is extending unusually generous terms to a cryptocurrency venture partly owned by Eric Trump, raising questions among industry observers and lawmakers about potential political or national security implications.
According to filings with the Securities and Exchange Commission (SEC), Beijing-based Bitmain is supplying American Bitcoin Corporation with hundreds of millions of dollars’ worth of advanced mining servers.
The company is reportedly allowing the Trump-linked firm to defer payments and settle invoices in “pledged Bitcoin,” a structure that lets the buyer redeem the digital currency up to two years later at current prices—a window much longer than what Bitmain typically grants other clients.
American Bitcoin was established in early 2017, shortly after Donald Trump entered the White House. SEC disclosures show Eric Trump holds a 7.5 percent stake in the firm, which was built through a string of mergers and is now majority owned by Canadian mining firm Hut 8. The venture went public on the Nasdaq in September 2025, generating significant attention for both its soaring stock price and its high-profile backers.
Internal statements from American Bitcoin highlight Bitmain’s role in its growth. The company’s own releases describe “preferential access” to Bitmain’s equipment as vital to maintaining its cost advantage.
Bitmain has said its partnership involves technical cooperation with Hut 8 rather than directly with American Bitcoin and insisted that it offers similar financing arrangements to other customers. However, public statements from the firm earlier this year indicated a 6-month redemption timeline for pledged Bitcoin, not the 24 months reportedly granted to the Trump-linked venture.
Analysts say the terms may reflect a strategic play by Bitmain to curry favor with the Trump family, given the intersection of its business and U.S. policy priorities—ranging from crypto regulation to energy and China strategy.
American Bitcoin is not the first Trump-adjacent crypto venture to attract scrutiny over foreign ties. Another separate entity, World Liberty Financial, also connected to the Trump family, announced earlier this year that the UAE would adopt its stablecoin as part of a $2 billion crypto transaction.
Still, American Bitcoin stands out because its web of interests overlaps tightly with Washington’s agendas. President Trump has floated a “Strategic Bitcoin Reserve,” relaxed energy rules (helpful for mining), and flits between aggressive and conciliatory stances on China.
Eric Trump has actively promoted the enterprise—appearing alongside executives at investor conferences and in media interviews. He has repeatedly said the family turned to crypto after being “debanked” following a 2021 riot.
Bitmain is not subject to U.S. oversight, but concern over its tech persists. In Iowa, Republican Congressman Zachary Nunn has formally urged the Treasury to investigate Bitmain and related Chinese crypto firms. “American families deserve to know that our power grid, digital infrastructure, and national security aren’t compromised by foreign entities with opaque ties,” Nunn said in a statement.
Other crypto firms like BitFuFu Inc. (NASDAQ: FUFU) will be hoping that the Trump-linked firms aren’t distorting the playing field in which there should be fair competition among all actors.
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