| Company type | Public |
|---|---|
| Nasdaq: ABTC | |
| Industry | Bitcoin mining |
| Incorporated | Delaware |
| Founded | March 2025 |
| Founders | Eric Trump Donald Trump Jr. |
| Headquarters | |
Key people | Eric Trump (chief strategy officer) Matt Prusak (President) [1] |
| Owner | Hut 8 Mining (80 %) |
American Bitcoin Corp is an American bitcoin mining and treasury management company majority owned by Canadian miner Hut 8 Mining. [2] It is incorporated in Delaware with its headquarters located in Miami, Florida. [3]
American Bitcoin was founded in March 2025 by Eric Trump, Donald Trump Jr., and shareholders of their former venture, American Data Centers. [2] Plans for the venture emerged in late 2024 when Hut 8 executives met Eric Trump at the Trump National Golf Club in Jupiter, Florida. [2] Between April and May 31, 2025, the company mined 215 bitcoin and reported it had raised $220 million by July 1, 2025 to fund mining equipment and a strategic bitcoin reserve. [2] Matt Prusak was appointed as the company’s first President in 2025. [1]
On 12 May 2025, it was announced that Gryphon would merge with American Bitcoin in an all-stock transaction, with the new entity retaining the American Bitcoin name. [4] On September 3, 2025, American Bitcoin began trading on the Nasdaq Global Select Market after a merger with Gryphon Digital Mining. [4]
American Bitcoin operates mining facilities supplied by Hut 8 in Niagara Falls, Medicine Hat, Alberta and Orla, Texas. [2] As of May 31, 2025, the company operated over sixty thousand ASIC miners and held contractual rights to purchase an additional 17,280 Bitmain machines. [2]
In a September 2025 SEC filing, the company reported holdings of 2,443 bitcoin, valued at approximately $269 million. According to an investor presentation American Bitcoin follows three lines of strategy: operate mining facilities, accumulate bitcoin through mining and open market purchases, and building related services. [5]
Hut 8 owns eighty percent of the equity while the Trump family and American Data Centers shareholders hold the remaining twenty percent. [2] [6]