The Trump family officially ventured into the bitcoin mining industry in what can be described to be a political, business, and cryptocurrency initiative. The Trumps started American Bitcoin in partnership with the Canadian crypto infrastructure leader Hut 8 earlier this year. The project is ambitious: it is going to be the largest and most efficient pure-play bitcoin miner in the world.
In early September 2025, the company will go public via a reverse merger on Nasdaq with Gryphon Digital Mining. When all is fine, this stock will be brought under the ticker ABTC.
Key Highlights
- In March 2025, American Bitcoin, a joint venture of Hut 8 and Eric/Donald Trump Jr., was launched.
- Hut 8 is the largest (approximately 80 per cent) shareholder, with members of the Trump family holding minority shares.
- The miner will be taken public through a merger with Gryphon Digital Mining, and it will debut on Nasdaq under the ticker ABTC in September.
- Raised 220M towards mining rigs, energy expansion and bitcoin reserves.
- Market action is discussed within the framework of energy, politics, and the use of crypto.
What is Hut 8?
Hut 8 is a Canadian-based digital asset mining and high-performance computing company, best known as one of North America’s largest and oldest publicly traded Bitcoin miners. Founded in 2017, it focuses on mining Bitcoin using energy-efficient data centres and also provides infrastructure for cloud computing, artificial intelligence, and blockchain applications.
By combining crypto mining with diversified computing services, Hut 8 positions itself as a leader in both the digital asset ecosystem and next-generation computing solutions.
Who Owns What?
Hut 8 became the largest shareholder and held a majority of the venture (approximately 80 per cent) after transferring its mining rights into American Bitcoin. In the meantime, the minority shares belong to Eric Trump and Donald Trump Jr., and this is the closest business relationship between the Trump family and the crypto mining business.
What does the venture look like?
The next major move occurred on March 31, 2025, when Hut 8, one of the best-known crypto infrastructure companies in North America, announced that it had teamed up with Eric Trump to start American Bitcoin. By the terms of the deal as outlined at the time of launch, Hut 8 merged most of its mining activities into the venture and became the majority shareholder, owning approximately 80% of it. Eric Trump and Donald Trump Jr. have minority ownership in the revival of American Data Centres as American Bitcoin.
The target of Hut 8 in a press release of their own was to create the largest, most efficient pure-play bitcoin miner in the world, with a hashrate goal of 50+ EH/s and a target fleet efficiency of less than 15 J/TH, and to achieve a strategic bitcoin reserve. Although timelines are subject to change as power and hardware become available, the outlined ambition is to scale self-mining and treasury holdings.
Big Goals, Big Numbers
Technical objectives have been set by the company:
- More than 50 EH/s of processing capacity.
- Less than 15 J/TH fleet efficiency.
- Development of a strategic Bitcoin reserve.
To finance this, American Bitcoin had raised approximately 220 million dollars, which they planned to use in financing mining rigs, power infrastructure, and direct purchases of bitcoins.
Hut 8 strategic change and role
Although Hut 8 focuses on mining, its management has recently placed more emphasis on energy infrastructure and data-centre activity of which can accommodate AI workload in addition to bitcoin mining.
Hut 8 can be exposed to the upside of a Trump-branded miner and can leverage its power sites, procurement scale, and operational tooling by anchoring American Bitcoin and holding a large equity stake. It has also been reported that American Bitcoin plans to co-locate miners at Hut 8 sites and have Hut 8 as its sole infrastructure and operations partner.
Why Nasdaq?
American Bitcoin chose a reverse merger with Gryphon Digital Mining instead of a more traditional IPO. This is a faster route with fewer regulatory obstacles. Upon completion, Hut 8 and the Trump family will own approximately 98 per cent of the company together.
Trump family communications - and investigations
At crypto events and on the stump, Eric Trump has positioned American Bitcoin as a flagship of U.S. mining and a believer in the long-term price direction of bitcoin, and in late August, he told audiences there is no doubt that bitcoin could become worth a million dollars in the next few years. Those comments highlight the thesis of the venture scale with balance-sheet accumulation.
However, the decision also raises issues of conflict of interest, since President Trump holds a much more crypto-friendly policy position and is looking to transform the U.S. into the crypto-capital of the world. Potential entanglements and environment-related issues associated with the energy footprint of mining have been identified by analysts and editorials; its proponents argue that the energy-intensive size and efficiency objectives of American Bitcoin, combined with American energy infrastructure development, can offset this effect and establish American national hashpower.
Politics, Perception and Pushback
The Trump family is a long-time adopter of bitcoin, with President Trump himself advocating crypto-friendly policies. In their optimistic view of bitcoin, Eric Trump recently theorised that it would go up to $1 million per coin.
But the launch has been met with its share of criticism:
- Conflict-of-interest risk, as Trump is developing U.S. crypto policy, and as his family operates a miner.
- Issues related to the environmental friendliness of the energy consumption in large mining operations.
- Market scepticism where the analysts doubt the ability of American Bitcoin to scale rapidly.
What’s Next?
Hut 8 marked its next milestone by getting listed on the Nasdaq in September under the ticker ABTC. With this step, the company is set to quickly mobilise funds for purchasing mining rigs and developing new power facilities to boost its capacity.
- First listed on the Nasdaq in September as ticker ABTC.
- Quick mobilisation of funds to buy rigs and develop power plants.
- International expansion, where Eric Trump is considering the Hong Kong and Japan markets in the future to launch crypto-linked financial products.
Bottom Line
The company of American Bitcoin is not just another mining company. It brings together the political and financial power of Trust 8 and the Trump brand. Whether it becomes a major miner or provokes more controversy than adoption will depend on execution, regulatory reactions, and the market cycle of bitcoin.
At this point, it is obvious that the Trump family has a big bet on bitcoin.
FAQ ( Frequently Asked Questions )
American Bitcoin is a bitcoin mining corporation opened in March 2025 as a joint venture between Hut 8 and Trump family members.
Approximately 80% of Hut 8 is owned by Hut 8, and minority stakeholders are Eric Trump and Donald Trump Jr.
It will launch in September 2025 on a ticker ABTC with a merger with Gryphon Digital Mining.
The fund garnered approximately 220 million dollars to acquire mining equipment, expand its infrastructure, and construct a bitcoin reserve.
Trump’s Opponents give examples such as energy use, risk of conflict of interest, and political implications of Trump family’s involvement in the mining of bitcoin.
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