{"id":"american-bitcoin","title":"American Bitcoin","content":"**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)\n\n## Overview\n\nAmerican [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)\n$$widget0 $$widget0 [YOUTUBE@VID](JOnaV5CZfjg)$$$$\nThe 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.\n\nEric 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)\n\n## History\n\nThe 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)\n\nIn 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)\n\nOn 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)\n\nOn 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)\n\nIn 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)\n\nOn 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)\n\n## Business Model and Strategy\n\nAmerican [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)\n\n* **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.\n* **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.\n* **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.\n\nThis 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)\n\n## Technology and Operations\n\nAmerican 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)\n\nThe company's primary mining sites are located in:\n\n* Niagara Falls, New York\n* Orla, Texas\n* Medicine Hat, Alberta, Canada\n\nAs 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)\n\n## Corporate Structure and Leadership\n\nAmerican [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)​\n\nThe company's leadership and board include individuals from Hut 8, the Trump Organization, and the technology investment sector.\n\n* **Eric Trump:** Co-founder & Chief [Strategy](https://iq.wiki/wiki/strategy) Officer\n* [**Matt Prusak**](https://iq.wiki/wiki/matt-prusak)**:** President\n* [**Mike Ho**](https://iq.wiki/wiki/mike-ho)**:** Executive Chairman & Board Member\n* [**Asher Genoot**](https://iq.wiki/wiki/asher-genoot)**:** Board Member\n* **Justin Mateen:** Board Member (Co-founder of Tinder)\n* **Michael Broukhim:** Board Member (Co-founder of FabFitFun)\n\nOther 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)​","summary":"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 Hut 8, it aims to maximize Bitcoin-per-share for investors.","images":[{"id":"QmQkhcABKupnByZf1W5J43hZze13A3ZGSMF5DkdWzu7Lh9","type":"image/jpeg, image/png"}],"categories":[{"id":"organizations","title":"organizations"}],"tags":[{"id":"Organizations"}],"media":[{"id":"QmbRNLsuqFXqBR5sqaqRuVcSw3cVk2z9omsFoHn1dNZXDd","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmcFCZF91NaquCH7ZLsxHi8GrWspyawVbkDMUbAYT3S694","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmfSE4WDj3Rr1Tj5Wjz4fxdpk33f1sPQ3m46xYncaLynru","name":"Cópia de Design sem nome.png","caption":"","thumbnail":"QmfSE4WDj3Rr1Tj5Wjz4fxdpk33f1sPQ3m46xYncaLynru","source":"IPFS_IMG"},{"id":"QmeFwv4oji1vKZGWYhMGnhJyyceTmUPdEY8cBwbXKmM4Ka","name":"EvOnTDXA_400x400.png","caption":"","thumbnail":"QmeFwv4oji1vKZGWYhMGnhJyyceTmUPdEY8cBwbXKmM4Ka","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=JOnaV5CZfjg","name":"JOnaV5CZfjg","caption":"","thumbnail":"https://www.youtube.com/watch?v=JOnaV5CZfjg","source":"YOUTUBE"}],"metadata":[{"id":"linkedin_profile","value":"https://www.linkedin.com/company/americanbitcoin/"},{"id":"twitter_profile","value":"https://x.com/americanbtc"},{"id":"website","value":"https://www.abtc.com/"},{"id":"references","value":"[{\"id\":\"AF3g1IUxmf\",\"url\":\"https://www.linkedin.com/company/americanbitcoin/\",\"description\":\"American Bitcoin LinkedIn page\",\"timestamp\":1755477584939},{\"id\":\"myT8hWWrel\",\"url\":\"https://www.wired.com/story/the-inside-story-of-eric-trumps-american-bitcoin/\",\"description\":\"WIRED article on American Bitcoin's formation\",\"timestamp\":1755477584939},{\"id\":\"9YXcL7L0SA\",\"url\":\"https://cdn.sanity.io/files/2iccs2ie/production/825df272e54c9a5ab8555669af0c3364d4b6bb65.pdf\",\"description\":\"American Bitcoin Launch Presentation March 2025\",\"timestamp\":1755477584939},{\"id\":\"Oh6yyqobsz\",\"url\":\"https://fortune.com/crypto/2025/07/01/american-bitcoin-president-donald-trump-hut-8-220-million/\",\"description\":\"Fortune report on merger plans\",\"timestamp\":1755477584939},{\"id\":\"3mSdWfjvP6\",\"url\":\"https://cointelegraph.com/news/trump-linked-american-bitcoin-asia-acquisitions-btc\",\"description\":\"Report on Asia acquisition plans\",\"timestamp\":1755477584939},{\"id\":\"HEDFNPoii4YaU5GE\",\"url\":\"https://en.wikipedia.org/wiki/American\\\\_Bitcoin\",\"description\":\"Wikipedia page for American Bitcoin\",\"timestamp\":1771040272164},{\"id\":\"mZy8e9Y4lzCHR8uo\",\"url\":\"https://www.abtc.com/\",\"description\":\"American Bitcoin Corp. official website\",\"timestamp\":1771040272164}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmUt38mhDMjJWTJgtz9S6n7hmiSSkCm4e4GdakSdeWreNR\""},{"id":"commit-message","value":"\"Removed American Bitcoin page\""},{"id":"previous_cid","value":"QmUt38mhDMjJWTJgtz9S6n7hmiSSkCm4e4GdakSdeWreNR"}],"events":[{"id":"9603f2d0-5f92-41f2-8d85-0b0c136bf56b","date":"2025-03","title":"American Bitcoin Launched","type":"CREATED","description":"American Bitcoin was launched as a majority-owned subsidiary of Hut 8, co-founded by Eric Trump and backed by Donald Trump Jr., to focus on industrial-scale Bitcoin mining and building a strategic Bitcoin reserve.","multiDateStart":null,"multiDateEnd":null},{"id":"e0e5a757-dcc4-4f0c-9d2b-67dbc68fb701","date":"2025-05","title":"Announced Merger with Gryphon Digital Mining","type":"DEFAULT","description":"American Bitcoin announced its plan to go public on the Nasdaq under the ticker ABTC through an all-stock merger with Gryphon Digital Mining.","multiDateStart":null,"multiDateEnd":null},{"id":"b96c31a0-f79b-4f13-96b3-03c7b5fa5d17","date":"2025-07","title":"Raised $220 Million in Funding","type":"DEFAULT","description":"The company raised $220 million through a private stock sale to acquire more Bitcoin and mining equipment, with about $10 million immediately converted into Bitcoin.","multiDateStart":null,"multiDateEnd":null},{"id":"89b5cfa1-0fb5-4630-bfd0-a7c3d66b8ece","date":"2025-08","title":"Nasdaq Listing Process Initiated","type":"DEFAULT","description":"Shareholders of Gryphon Digital Mining began voting on the proposed merger, a key step toward American Bitcoin's expected listing on the Nasdaq exchange.","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["bitcoin"],"founders":["donald-trump-jr"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"08328660-2081-449b-a96a-eb82b56d2d1d\",\"title\":\"American Bitcoin\",\"description\":\"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 Hut 8, it aims to maximize Bitcoin-per-share for investors.\",\"timestamp\":\"2026-02-14T03:46:52.977Z\",\"category\":\"organizations\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889\",\"address\":\"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Summary\",\"subtitle\":\"The summary was updated to reflect the company's public trading status and refined focus.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated summary to describe the company as 'American Bitcoin Corp. (NASDAQ: ABTC)', a publicly traded company focused on Bitcoin mining and treasury management, spun-off from Hut 8.\"]},{\"title\":\"Introduction\",\"subtitle\":\"The introduction was expanded to include the company's official name, trading ticker, headquarters, and founding date.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated the introductory paragraph to state the company is now 'American Bitcoin Corp.', a publicly traded company (NASDAQ: ABTC) headquartered in Miami, Florida, with a focus on treasury management and founded in March 2025. [[1]](#cite-id-AF3g1IUxmf) [[2]](#cite-id-myT8hWWrel) [[6]](#cite-id-HEDFNPoii4YaU5GE)\"]},{\"title\":\"Videos\",\"subtitle\":\"The YouTube video embed format was updated.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated the YouTube video embed syntax from '[YOUTUBE@VID](https://youtube.com/watch?v=JOnaV5CZfjg)' to '$widget0 [YOUTUBE@VID](JOnaV5CZfjg)'.\"]},{\"title\":\"Overview\",\"subtitle\":\"The Overview section was updated with a new mission statement and a quote from Eric Trump.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Specified that initial discussions took place at the Trump National Golf Club in Florida. [[2]](#cite-id-myT8hWWrel) [[6]](#cite-id-HEDFNPoii4YaU5GE)\",\"Replaced the previous mission statement with a new one: \\\"to set the global benchmark for Bitcoin infrastructure, reserves, and innovation...\\\" [[7]](#cite-id-mZy8e9Y4lzCHR8uo)\",\"Replaced a quote from WIRED with a new quote from Co-founder Eric Trump. [[7]](#cite-id-mZy8e9Y4lzCHR8uo)\"]},{\"title\":\"History\",\"subtitle\":\"The company's history was significantly updated with merger completion details, treasury holdings, and upcoming events.\",\"variant\":\"modified\",\"changeCount\":6,\"changes\":[\"Added the official founding month of March 2025. [[6]](#cite-id-HEDFNPoii4YaU5GE)\",\"Added details on mining 215 Bitcoin from April to May 31, 2025. [[6]](#cite-id-HEDFNPoii4YaU5GE)\",\"Updated the reverse merger with Gryphon Digital Mining to confirm it was completed on September 3, 2025, with trading beginning under the ticker ABTC. [[6]](#cite-id-HEDFNPoii4YaU5GE) [[4]](#cite-id-Oh6yyqobsz)\",\"Added information about raising $220 million on July 1, 2025. [[6]](#cite-id-HEDFNPoii4YaU5GE)\",\"Added new events, including disclosing 2,443 Bitcoin in a September 2025 SEC filing, and treasury growth to 4,783 Bitcoin by December 10, 2025. [[7]](#cite-id-mZy8e9Y4lzCHR8uo) [[6]](#cite-id-HEDFNPoii4YaU5GE)\",\"Added the announcement of the full-year 2025 earnings release scheduled for February 5, 2026. [[7]](#cite-id-mZy8e9Y4lzCHR8uo)\"]},{\"title\":\"Business Model and Strategy\",\"subtitle\":\"The business model was redefined from two objectives to a formal \\\"Three-Layered Strategy\\\".\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Replaced the previous two-objective model with a new \\\"Three-Layered Strategy\\\" consisting of Mining, Treasury, and Ecosystem layers. [[7]](#cite-id-mZy8e9Y4lzCHR8uo)\",\"Updated the section to reflect the confirmed strategy of exploring international acquisitions. [[7]](#cite-id-mZy8e9Y4lzCHR8uo) [[3]](#cite-id-9YXcL7L0SA) [[5]](#cite-id-3mSdWfjvP6)\"]},{\"title\":\"Technology and Operations\",\"subtitle\":\"Operational details were updated, including the asset-light model and contractual rights to more miners.\",\"variant\":\"modified\",\"changeCount\":4,\"changes\":[\"Added details about the \\\"asset-light\\\" model and being \\\"powered by Hut 8\\\". [[7]](#cite-id-mZy8e9Y4lzCHR8uo)\",\"Formatted the mining site locations as a list.\",\"Added that the company holds contractual rights to an additional 17,280 mining machines. [[7]](#cite-id-mZy8e9Y4lzCHR8uo) [[6]](#cite-id-HEDFNPoii4YaU5GE) [[2]](#cite-id-myT8hWWrel)\",\"Specified the use of Application-Specific Integrated Circuit (ASIC) technology. [[7]](#cite-id-mZy8e9Y4lzCHR8uo)\"]},{\"title\":\"Corporate Structure and Leadership\",\"subtitle\":\"Leadership titles were updated, and corporate legal details were added.\",\"variant\":\"modified\",\"changeCount\":4,\"changes\":[\"Added information that the company is incorporated in Delaware with headquarters in Miami, Florida. [[6]](#cite-id-HEDFNPoii4YaU5GE)\",\"Changed Matt Prusak's title from 'Chief Executive Officer' to 'President' and added a link to his wiki page.\",\"Added internal wiki links for Mike Ho and Asher Genoot.\",\"Added Donald Trump Jr. as a key figure. [[3]](#cite-id-9YXcL7L0SA) [[2]](#cite-id-myT8hWWrel) [[6]](#cite-id-HEDFNPoii4YaU5GE)\"]},{\"title\":\"References\",\"subtitle\":\"Two references were added and two were removed.\",\"variant\":\"modified\",\"changeCount\":4,\"changes\":[\"Removed reference to American Bitcoin's launch announcement on X.com.\",\"Removed reference to The Block report on ownership structure.\",\"Added reference to the Wikipedia page for American Bitcoin. [[6]](#cite-id-HEDFNPoii4YaU5GE)\",\"Added reference to the American Bitcoin Corp. official website. [[7]](#cite-id-mZy8e9Y4lzCHR8uo)\"]},{\"title\":\"Categories\",\"subtitle\":\"Three categories were removed from the wiki.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Removed category: 'Blockchains'\",\"Removed category: 'Venture'\",\"Removed category: 'Government'\"]}]}]}"}