American Bitcoin Explained: Trump Family’s Bitcoin Mining Venture on Nasdaq

American Bitcoin has entered the spotlight as one of the Trump family’s boldest moves into the crypto sector. Founded in April 2025 by Eric Trump, Donald Trump Jr., and Canadian mining giant Hut 8, the company aims to position itself as the most efficient and largest Bitcoin mining firm in the world.

With Hut 8 holding an 80 percent stake and the Trump family and legacy shareholders owning 20 percent, the venture merges institutional energy expertise with the global influence of the Trump brand. Within just two months of its launch, American Bitcoin mined 215 BTC and raised $220 million in capital. The project is already planning to list on Nasdaq through a merger with Gryphon Digital Mining.

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Key Takeaways

• American Bitcoin was launched in April 2025 as a partnership between Hut 8 and the Trump family.
• Eric Trump serves as cofounder and chief strategy officer, while Hut 8 provides infrastructure and energy expertise.
• The company mined 215 BTC within two months of operations and raised $220 million from investors.
• A Nasdaq merger with Gryphon Digital Mining is underway to expand its public market presence.
• The Trump name brings narrative, capital access, and political connections to the mining venture.

What is American Bitcoin?

American Bitcoin is a crypto mining company that leverages Hut 8’s energy infrastructure and data centers to mine Bitcoin at scale. The project was born from meetings between Eric Trump and Hut 8 executives in late 2024, evolving into a formal partnership.

Unlike typical meme-token experiments associated with the Trump brand, American Bitcoin focuses on the long-term strategy of mining and accumulating Bitcoin below market cost. By combining Hut 8’s 1,020 megawatts of managed capacity with the Trumps’ influence in capital markets, the project seeks to outpace rivals in efficiency and expansion.

The Trump Family’s Role

Eric Trump serves as chief strategy officer, bringing access to capital networks and branding power. Donald Trump Jr. also plays a key role, while President Donald Trump himself has encouraged crypto-friendly policies, including the GENIUS Act regulating stablecoins.

The Trump connection provides two advantages: access to institutional capital from family offices in Europe, Canada, and the Middle East, and narrative momentum tied to the family’s growing crypto empire. Together with Trump Media’s Bitcoin treasury strategy and USD1 stablecoin, American Bitcoin deepens the family’s foothold in digital assets.

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Nasdaq Merger and Expansion Plans

On May 12, 2025, American Bitcoin announced its plan to go public through a merger with Gryphon Digital Mining. Gryphon already operates 5,880 mining computers in Pennsylvania, and the deal will allow American Bitcoin to scale into one of the largest publicly traded Bitcoin miners.

According to SEC filings, American Bitcoin owns over 60,000 machines, primarily from Bitmain and MicroBt. This fleet positions the company for rapid hashrate expansion, with plans to replace older equipment and pursue acquisitions of rival mining firms.

The company’s stated mission is to become “the world’s largest, most efficient pure-play Bitcoin miner,” relying on Hut 8’s facilities in Niagara Falls, Orla, and Medicine Hat.

The Energy and Political Narrative

Bitcoin mining has often been criticized for its energy use, but American Bitcoin seeks to flip that narrative. By tying operations to the “American energy story,” the project aligns with the Trump administration’s energy-first agenda. This includes promoting domestic mining over reliance on Chinese hardware, even as American Bitcoin has contracted with Bitmain for thousands of machines.

The company’s leadership argues that minimal debt, derivatives hedging, and capital raises will keep it resilient through Bitcoin’s boom-and-bust cycles. If successful, American Bitcoin could become a cornerstone of US crypto infrastructure, closely tied to federal policy and institutional adoption.

Final Thoughts

American Bitcoin represents a shift for the Trump family from meme-driven crypto plays to serious infrastructure investment. With Hut 8’s operational expertise and the Trump brand’s capital access, the venture aims to dominate Bitcoin mining while securing a Nasdaq listing.

The project blends politics, narrative, and energy economics into a single platform. If its strategy succeeds, American Bitcoin may become one of the most influential players in the global mining industry and further cement the Trump family’s stake in the crypto ecosystem.

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FAQs

What is American Bitcoin?

American Bitcoin is a Bitcoin mining company founded in 2025 by Hut 8 and the Trump family, aiming to become the largest mining operation globally.

Who owns American Bitcoin?

Hut 8 owns 80 percent of American Bitcoin, while Eric Trump, Donald Trump Jr., and legacy shareholders own 20 percent.

Is American Bitcoin going public?

Yes, American Bitcoin plans to merge with Gryphon Digital Mining to list on Nasdaq.

How much Bitcoin has American Bitcoin mined?

The company mined 215 BTC within two months of launching in April 2025.

Why is the Trump family involved?

Eric Trump and Donald Jr. provide capital access, institutional connections, and branding, helping to attract investors and expand operations.