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American Bitcoin was established in partnership with Eric Trump’s American Data Centers and is now a holding subsidiary of Hut 8, a Canadian-listed mining company, focused on industrial-grade Bitcoin mining and strategic Bitcoin reserve development.
American Bitcoin Company (ABTC) purchased Bitmain mining rigs using bitcoin as collateral, achieving an effective discount of 44%
According to TheEnergyMag, U.S.-based Bitcoin company American Bitcoin Corp. (NASDAQ: ABTC) disclosed in its latest quarterly report that in February of this year, it purchased approximately 11,298 S21 XP ASIC miners (with a combined hash rate of roughly 3.05 EH/s) from Bitmain for $49.4 million. Of this amount, 80% was paid via the pledge of 314 BTC. Based on this, the agreed-upon valuation per pledged BTC was approximately $125,900—roughly a 44% discount compared to BTC’s market price at the time, which was under $70,000. Per the agreement, Bitmain is prohibited from forcibly liquidating the pledged BTC during a ~24-month redemption period. If BTC’s price exceeds the agreed valuation upon maturity, ABTC may repay in cash and reclaim the BTC, thereby locking in appreciation gains; if BTC’s price falls below the agreed valuation, ABTC may elect not to redeem and leave the BTC with Bitmain. This structure effectively grants ABTC a long-dated Bitcoin call option. As of March 31, 2026, ABTC has pledged a cumulative total of 3,090 BTC to Bitmain, with a fair value of approximately $210.8 million, corresponding to mining equipment procurement liabilities of roughly $364.3 million. These miners have already been deployed at the facility of ABTC’s parent company Hut 8 (NASDAQ: HUT) in Drumheller, Alberta, Canada.
Forbes Criticizes Eric Trump’s Bitcoin Company as an Arbitrage Tool Exploiting MAGA Investor Sentiment
According to Forbes, Eric Trump, the second son of Donald Trump, promoted his Bitcoin company American Bitcoin as a “money-printing machine,” but it is in fact an arbitrage tool exploiting MAGA investors’ sentiment. The company attracted investors through exaggerated marketing, leveraged the premium associated with the Trump brand to issue shares at inflated valuations, raised cash, and then used the proceeds to purchase Bitcoin—while ordinary investors suffered heavy losses. Since its listing in September, the company has sold approximately 158 million shares, raising roughly $351 million, and used those funds to buy approximately $390 million worth of Bitcoin. The company claims its mining cost is around $58,000 per Bitcoin, but when equipment depreciation and other expenses are included, its total cost per Bitcoin reaches approximately $90,000—higher than Bitcoin’s current market price. The company faces risks from its mining-rig financing agreements: if Bitcoin’s price does not rebound, all the Bitcoin it mines may be used to repay equipment vendors. The company employs only two full-time staff members; its stock price has plunged 92% from its peak, and investor losses are estimated at around $500 million. Eric Trump’s personal wealth increased from approximately $190 million to $280 million. In response, Eric Trump posted on X, calling Forbes “a political weapon and a disgrace to journalism.” He stated that American Bitcoin was founded just over a year ago and has been publicly listed for 7 months and 25 days. It currently holds over 7,000 Bitcoins, ranks as the world’s 16th-largest publicly traded Bitcoin company, and operates nearly 90,000 mining rigs.
American Bitcoin Adds 200 Bitcoins, Total Holdings Rise to 7,500
Eric Trump, Donald Trump’s second son, posted that American Bitcoin, a bitcoin mining company backed by the Trump family, has increased its bitcoin holdings by 200 BTC, bringing its total holdings to 7,500 BTC.
American Bitcoin Increases Bitcoin Holdings by 300, Bringing Total Holdings to 7,300 BTC
According to BitcoinTreasuries.NET, AmericanBitcoin Corp—a Bitcoin mining company backed by the Trump family—has acquired an additional 300 BTC, bringing its total holdings to 7,300 BTC, ranking it 16th on the Bitcoin holdings leaderboard.
EricTrump: Traditional Financial Institutions Are Revisiting Bitcoin
Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that the attitude of traditional financial institutions towards Bitcoin is undergoing a shift. Citing JPMorgan Chase as an example, he noted that 18 months ago, the institution was still "belittling" Bitcoin, yet now it allows customers to use their Bitcoin holdings as collateral to apply for home loans.Eric Trump also mentioned that traditional financial institutions such as Merrill Lynch and Charles Schwab have begun to embrace Bitcoin. He stated that these institutions have realized they can no longer fight against industry trends and have thus started to pivot towards supporting the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost acquirer of Bitcoin in the industry. (CoinDesk)
American Bitcoin, a Bitcoin mining company under the Trump family, reported losses for two consecutive quarters, with a net loss of $82 million in Q1.
According to Bloomberg, American Bitcoin Corp., a bitcoin mining company backed by the Trump family, released its Q1 2026 financial results, reporting a net loss of $82 million—worsening from a $59 million loss in the previous quarter (Q4 2025), marking its second consecutive quarter of losses. Meanwhile, the company’s Q1 revenue stood at approximately $62 million, down roughly 20% year-on-year, primarily due to a decline in average bitcoin mining revenue per coin. Headquartered in Miami, the company was founded just before bitcoin’s price retreated from its all-time high.
Trump Family’s American Bitcoin Adds 11,000 New Mining Rigs, Total Hashrate Reaches 28.1 EH/s
According to Decrypt, American Bitcoin, a mining company affiliated with the Trump family, has deployed 11,298 Bitcoin miners at its Drumheller facility in Alberta, Canada, adding 3.05 EH/s of hash rate and bringing its total in-house hash rate to 28.1 EH/s across 89,242 devices. Following the announcement, ABTC’s stock rose over 13% during Wednesday’s pre-market trading. American Bitcoin stated that this deployment completes its previously announced expansion plan and that the average energy efficiency of its current in-house miners is 16.0 J/TH.
American Bitcoin, a mining company affiliated with the Trump family, will release its Q1 2026 financial report on May 6.
American Bitcoin (ABTC), a mining company affiliated with the Trump family, announced that it will release its first-quarter financial results after the U.S. market closes on May 6, 2026. The company’s management team will hold a conference call and webcast to discuss the results at 4:30 p.m. ET on the same day, with live audio streaming simultaneously available via X Space.
Related news
The Trump family has made approximately $2.3 billion in profit from four crypto businesses
U.S. President Donald Trump and his family have made a cumulative profit of approximately $2.3 billion from four crypto businesses: World Liberty Financial, the TRUMP Meme coin, American Bitcoin, and ALT5 Sigma (now AI Financial). Meanwhile, related investors are sitting on aggregate unrealized losses also totaling around $2.3 billion.The report states that about 75% of the proceeds from World Liberty Financial token sales flowed to the Trump family. At the same time, the price of the TRUMP Meme coin has fallen approximately 97% from its all-time high, and stock prices related to ALT5 Sigma and American Bitcoin have also seen significant declines.The report cites some investors who stated that they neglected risk management due to the "presidential endorsement." Some investors are now considering legal action. (Reuters)
American Bitcoin Adds 200 Bitcoins, Total Holdings Rise to 7,500
Eric Trump, Donald Trump’s second son, posted that American Bitcoin, a bitcoin mining company backed by the Trump family, has increased its bitcoin holdings by 200 BTC, bringing its total holdings to 7,500 BTC.
American Bitcoin Company (ABTC) purchased Bitmain mining rigs using bitcoin as collateral, achieving an effective discount of 44%
According to TheEnergyMag, U.S.-based Bitcoin company American Bitcoin Corp. (NASDAQ: ABTC) disclosed in its latest quarterly report that in February of this year, it purchased approximately 11,298 S21 XP ASIC miners (with a combined hash rate of roughly 3.05 EH/s) from Bitmain for $49.4 million. Of this amount, 80% was paid via the pledge of 314 BTC. Based on this, the agreed-upon valuation per pledged BTC was approximately $125,900—roughly a 44% discount compared to BTC’s market price at the time, which was under $70,000. Per the agreement, Bitmain is prohibited from forcibly liquidating the pledged BTC during a ~24-month redemption period. If BTC’s price exceeds the agreed valuation upon maturity, ABTC may repay in cash and reclaim the BTC, thereby locking in appreciation gains; if BTC’s price falls below the agreed valuation, ABTC may elect not to redeem and leave the BTC with Bitmain. This structure effectively grants ABTC a long-dated Bitcoin call option. As of March 31, 2026, ABTC has pledged a cumulative total of 3,090 BTC to Bitmain, with a fair value of approximately $210.8 million, corresponding to mining equipment procurement liabilities of roughly $364.3 million. These miners have already been deployed at the facility of ABTC’s parent company Hut 8 (NASDAQ: HUT) in Drumheller, Alberta, Canada.
American Bitcoin Increases Bitcoin Holdings by 300, Bringing Total Holdings to 7,300 BTC
According to BitcoinTreasuries.NET, AmericanBitcoin Corp—a Bitcoin mining company backed by the Trump family—has acquired an additional 300 BTC, bringing its total holdings to 7,300 BTC, ranking it 16th on the Bitcoin holdings leaderboard.
EricTrump's co-founded AmericanBitcoin reports Q1 net loss of $81.8 million
Odaily News Bitcoin mining company American Bitcoin, co-founded by Eric Trump, released its Q1 2026 financial report. Data shows the company recorded a net loss of $81.8 million for the quarter, higher than the $59.5 million loss in the previous quarter; mining revenue totaled $62.1 million, down from $78.3 million in the prior quarter.The financial report indicates that fluctuations in digital asset values were the primary source of losses, totaling $117.2 million, significantly impacted by Bitcoin's 22% decline in the first quarter. Despite this, the company mined 817 BTC in Q1 and added 803 BTC to its reserves through purchases, bringing total holdings to 7,021 BTC. American Bitcoin stated that its cost per Bitcoin mined has dropped to $36,200, a 23% decrease from the previous quarter. (The Block)
EricTrump: Traditional Financial Institutions Are Revisiting Bitcoin
Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that the attitude of traditional financial institutions towards Bitcoin is undergoing a shift. Citing JPMorgan Chase as an example, he noted that 18 months ago, the institution was still "belittling" Bitcoin, yet now it allows customers to use their Bitcoin holdings as collateral to apply for home loans.Eric Trump also mentioned that traditional financial institutions such as Merrill Lynch and Charles Schwab have begun to embrace Bitcoin. He stated that these institutions have realized they can no longer fight against industry trends and have thus started to pivot towards supporting the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost acquirer of Bitcoin in the industry. (CoinDesk)