Chinese Firm Gives Eric Trump’s Cryptocurrency Company Generous Tech Purchase Terms
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…





