what's American Bitcoin?
American Bitcoin Corp. is a U.S.-based bitcoin mining and treasury management company headquartered in Miami, Florida. Incorporated in Delaware, it was founded in March 2025 by Eric Trump, Donald Trump Jr., and shareholders from their prior venture, American Data Centers. The company is majority-owned by Hut 8 Mining, a Canadian miner, following a merger with Gryphon Digital Mining in May 2025 in an all-stock transaction, retaining the American Bitcoin name. It focuses on bitcoin mining operations and building a strategic bitcoin reserve. By May 2025, it had mined 215 bitcoins and raised $220 million for equipment and reserves. Led by President Matt Prusak, it positions itself as a key player in U.S. bitcoin infrastructure amid growing national interest in digital assets.
American Bitcoin launched as a Bitcoin mining company, partnering with Hut 8.
Launched as a Bitcoin mining company with Hut 8 as mining partner.
Accumulated over 7,000 BTC, including 416 Bitcoin acquired for $38 million.
Purchased $34 million worth of Bitcoin, with total holdings reaching 4,367 BTC worth $405 million.