American Bitcoin

American Bitcoin Corp is an American bitcoin mining and treasury management company majority owned by digital infrastructure company Hut 8.[2] It is incorporated in Delaware with its headquarters located in Miami, Florida.[3]

History

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. On September 3, 2025, American Bitcoin began trading on the Nasdaq Global Select Market after a merger with Gryphon Digital Mining.[4]

Operations

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]

Ownership

At launch, Hut 8 owned eighty percent of the equity while the Trump family and American Data Centers shareholders held the remaining twenty percent.[2][6]