# American Bitcoin

> American Bitcoin Corp. (NASDAQ: ABTC) is a publicly traded company focused on Bitcoin mining and treasury management. Co-founded by Eric Trump and spun-off from...

- Canonical URL: https://iq.wiki/wiki/american-bitcoin
- Categories: Organizations
- Tags: DAO
- Created: 2025-08-18T00:55:01.997Z
- Last updated: 2026-02-14T02:47:15.000Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**American Bitcoin Corp.** is a publicly traded [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) [mining](https://iq.wiki/wiki/mining) and treasury management company (NASDAQ: ABTC) headquartered in Miami, Florida. [\[6\]](#cite-id-HEDFNPoii4YaU5GE) The company focuses on accumulating [Bitcoin](https://iq.wiki/wiki/bitcoin) through industrial-scale mining and strategic treasury management. It was founded in March 2025 as a majority-owned subsidiary of the energy and digital infrastructure firm Hut 8, in partnership with an entity backed by Eric Trump and [Donald Trump Jr.](https://iq.wiki/wiki/donald-trump-jr). [\[1\]](#cite-id-AF3g1IUxmf) [\[2\]](#cite-id-myT8hWWrel) [\[6\]](#cite-id-HEDFNPoii4YaU5GE)

## Overview

American [Bitcoin](https://iq.wiki/wiki/bitcoin) Corp. was officially launched on April 1, 2025, following discussions that began in late 2024 between Hut 8 executives and Eric Trump at the Trump National Golf Club in Florida. The company was established through a partnership between Hut 8 and American Data Centers, an entity backed by Eric Trump and [Donald Trump Jr](https://iq.wiki/wiki/donald-trump-jr). At its formation, Hut 8 contributed its [Bitcoin](https://iq.wiki/wiki/bitcoin) [mining](https://iq.wiki/wiki/mining) operations and retained an 80% ownership stake in the new subsidiary, with the remaining 20% held by American Data Centers and its shareholders. [\[2\]](#cite-id-myT8hWWrel) [\[6\]](#cite-id-HEDFNPoii4YaU5GE)
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The company's stated mission is "to set the global benchmark for [Bitcoin](https://iq.wiki/wiki/bitcoin) infrastructure, reserves, and innovation and to establish America as the undisputed leader of the global [Bitcoin](https://iq.wiki/wiki/bitcoin) economy," with an objective of maximizing [Bitcoin](https://iq.wiki/wiki/bitcoin)-per-share for its investors. [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo) The strategic rationale for its creation was to separate the high-volatility [Bitcoin](https://iq.wiki/wiki/bitcoin) [mining](https://iq.wiki/wiki/mining) operations from Hut 8's core business, allowing the parent company to focus on more predictable infrastructure segments. American [Bitcoin](https://iq.wiki/wiki/bitcoin) operates as a distinct entity but leverages Hut 8's infrastructure through long-term commercial agreements.

Eric Trump, Co-founder and Chief [Strategy](https://iq.wiki/wiki/strategy) Officer, stated, "American [Bitcoin](https://iq.wiki/wiki/bitcoin) was founded on the belief that [Bitcoin](https://iq.wiki/wiki/bitcoin) is the defining asset of our time, and that our country must anchor its future by building the infrastructure that secures its leadership in tomorrow’s global economy." [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo)

## History

The concept for American [Bitcoin](https://iq.wiki/wiki/bitcoin) emerged from meetings in late 2024 between Hut 8 executives and Eric Trump. The company was officially founded in March 2025 and launched its operations on April 1, 2025. [\[6\]](#cite-id-HEDFNPoii4YaU5GE)

In its first two months of operation, from April to May 31, 2025, the company mined 215 [Bitcoin](https://iq.wiki/wiki/bitcoin). [\[6\]](#cite-id-HEDFNPoii4YaU5GE)

On May 12, 2025, American [Bitcoin](https://iq.wiki/wiki/bitcoin) announced its intention to go public through an all-stock reverse merger with Gryphon Digital [Mining](https://iq.wiki/wiki/mining) (ticker: GRYP), a Nasdaq-listed [crypto](https://iq.wiki/wiki/cryptocurrency) [mining](https://iq.wiki/wiki/mining) firm. The merger was completed on September 3, 2025, and the combined entity began trading on the Nasdaq Global Select Market under the ticker symbol ABTC. [\[6\]](#cite-id-HEDFNPoii4YaU5GE) [\[4\]](#cite-id-Oh6yyqobsz)

On July 1, 2025, the company announced it had raised $220 million through a private stock sale to acquire additional [Bitcoin](https://iq.wiki/wiki/bitcoin) and new mining equipment. [\[6\]](#cite-id-HEDFNPoii4YaU5GE)

In a September 2025 SEC filing, the company disclosed treasury holdings of 2,443 [Bitcoin](https://iq.wiki/wiki/bitcoin), valued at approximately $269 million at the time. By December 10, 2025, American [Bitcoin](https://iq.wiki/wiki/bitcoin) announced it had increased its strategic reserve to 4,783 [Bitcoin](https://iq.wiki/wiki/bitcoin). Later that month, on December 16, the company stated it had entered the top 20 publicly traded companies globally by [Bitcoin](https://iq.wiki/wiki/bitcoin) treasury holdings. [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo) [\[6\]](#cite-id-HEDFNPoii4YaU5GE)

On February 5, 2026, American [Bitcoin](https://iq.wiki/wiki/bitcoin) scheduled its full-year 2025 earnings release and an accompanying conference call. [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo)

## Business Model and Strategy

American [Bitcoin](https://iq.wiki/wiki/bitcoin)'s business model is built on a "Three-Layered [Strategy](https://iq.wiki/wiki/strategy)" designed for efficient [Bitcoin](https://iq.wiki/wiki/bitcoin) accumulation and to maximize [Bitcoin](https://iq.wiki/wiki/bitcoin)-per-share for investors. [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo)

* **Layer 1: Mining:** The company focuses on low-cost, large-scale [Bitcoin](https://iq.wiki/wiki/bitcoin) [mining](https://iq.wiki/wiki/mining) to produce the asset below its market price. It employs an "asset-light" growth model, prioritizing capital on scaling its exahash (mining power) rather than owning all physical infrastructure, which is intended to enable rapid expansion.
* **Layer 2: Treasury:** This layer aims to accelerate [Bitcoin](https://iq.wiki/wiki/bitcoin)-per-share growth beyond what is possible through mining alone. As a publicly traded company, American [Bitcoin](https://iq.wiki/wiki/bitcoin) leverages access to capital markets for disciplined, strategic acquisitions of additional [Bitcoin](https://iq.wiki/wiki/bitcoin) for its corporate treasury, adhering to a long-term holding strategy.
* **Layer 3: Ecosystem:** The company seeks to establish U.S. leadership in the global [Bitcoin](https://iq.wiki/wiki/bitcoin) economy through several initiatives. These include conducting research and development to strengthen [Bitcoin](https://iq.wiki/wiki/bitcoin)'s infrastructure, supporting public advocacy, and planning to expand [Bitcoin](https://iq.wiki/wiki/bitcoin) access for consumers and enterprises through new products and partnerships.

This strategy includes an illustrative roadmap with a goal of reaching a self-mining capacity of over 50 exahashes per second (EH/s) and exploring international acquisitions to accelerate the growth of its [Bitcoin](https://iq.wiki/wiki/bitcoin) treasury. [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo) [\[3\]](#cite-id-9YXcL7L0SA) [\[5\]](#cite-id-3mSdWfjvP6)

## Technology and Operations

American Bitcoin's operations are "powered by Hut 8," utilizing an asset-light model that leverages its partner's infrastructure. The company's [mining](https://iq.wiki/wiki/mining) operations are hosted exclusively at Hut 8's purpose-built data centers under a long-term colocation agreement. Hut 8 also provides management and shared business services, including finance, HR, and compliance. This partnership provides access to institutional-grade infrastructure and a turnkey platform, enabling rapid and cost-efficient scaling. [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo)

The company's primary mining sites are located in:

* Niagara Falls, New York
* Orla, Texas
* Medicine Hat, Alberta, Canada

As of May 31, 2025, the company reported operating over 60,000 [Bitcoin](https://iq.wiki/wiki/bitcoin) miners and held contractual rights to another 17,280 machines. Its fleet includes next-generation Application-Specific Integrated Circuit (ASIC) technology, such as the [Bitmain](https://iq.wiki/wiki/bitmain) Antminer S21+ series and MicroBt M5X and M6X series machines. [\[7\]](#cite-id-mZy8e9Y4lzCHR8uo) [\[6\]](#cite-id-HEDFNPoii4YaU5GE) [\[2\]](#cite-id-myT8hWWrel)

## Corporate Structure and Leadership

American [Bitcoin](https://iq.wiki/wiki/bitcoin) Corp. is a publicly traded company incorporated in Delaware with headquarters in Miami, Florida. It was originally formed as a majority-owned subsidiary of Hut 8, which held an 80% stake at launch. The remaining 20% was owned by American Data Centers, an entity whose investors include Eric Trump and [Donald Trump Jr.](https://iq.wiki/wiki/donald-trump-jr) [\[6\]](#cite-id-HEDFNPoii4YaU5GE)​

The company's leadership and board include individuals from Hut 8, the Trump Organization, and the technology investment sector.

* **Eric Trump:** Co-founder & Chief [Strategy](https://iq.wiki/wiki/strategy) Officer
* [**Matt Prusak**](https://iq.wiki/wiki/matt-prusak)**:** President
* [**Mike Ho**](https://iq.wiki/wiki/mike-ho)**:** Executive Chairman & Board Member
* [**Asher Genoot**](https://iq.wiki/wiki/asher-genoot)**:** Board Member
* **Justin Mateen:** Board Member (Co-founder of Tinder)
* **Michael Broukhim:** Board Member (Co-founder of FabFitFun)

Other key figures include Co-founder [Donald Trump Jr.](https://iq.wiki/wiki/donald-trump-jr). This leadership team combines experience in [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) [mining](https://iq.wiki/wiki/mining), capital markets, and high-growth technology ventures. [\[3\]](#cite-id-9YXcL7L0SA) [\[2\]](#cite-id-myT8hWWrel) [\[6\]](#cite-id-HEDFNPoii4YaU5GE)​