American Bitcoin
American Bitcoin Corp. (Nasdaq: ABTC) is a publicly traded Bitcoin mining and treasury company that uses Hut 8's infrastructure platform and Bitmain ASIC hardware to mine Bitcoin at scale, retaining BTC on its balance sheet and targeting institutional and retail investors seeking Bitcoin exposure via public equity.
- Company typePublic
- Founded2025
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What American Bitcoin does
American Bitcoin Corp. (Nasdaq: ABTC) is a publicly traded Bitcoin mining and treasury company headquartered in Miami, Florida, founded in 2025 as a majority-owned subsidiary of Hut 8 Corp. and co-founded by Eric Trump, with Donald Trump Jr. as a backer. The company went public in September 2025 via a reverse merger with Gryphon Digital Mining, with the Trump family and Hut 8 jointly controlling approximately 98% of the merged entity.
The company's core product is industrial-scale Bitcoin mining powered by ASIC hardware procured primarily from Bitmain, deployed across purpose-built data centers operated through Hut 8's turnkey digital infrastructure platform. As of April 2026, American Bitcoin operates approximately 89,242 ASIC miners generating 28.1 EH/s of owned hashrate—roughly 2-3% of the global Bitcoin network—with average fleet efficiency of approximately 16.0 J/TH. Its primary mining facility is at Drumheller, Alberta, Canada, with expansion planned at the Vega super mine in Texas in partnership with Eric Trump's American Data Centers and Bitmain. The company pairs mining with a treasury strategy that retains mined Bitcoin on the balance sheet rather than selling it, supplemented by open-market BTC purchases funded via capital-markets raises.
American Bitcoin generates revenue primarily through Bitcoin mining output sold into the global BTC spot market (FY2025 revenue of $185.2 million; Q4 2025 revenue of $78.3 million; Q1 2026 revenue of $62.1 million), and reports a 53% gross mining margin achieved by mining at a 53% discount to spot prices in Q4 2025. Its GTM motion is investor-facing: the ABTC Nasdaq listing and Trump-family-driven PR engine are the primary distribution channels, targeting institutional and retail investors seeking Bitcoin exposure without direct custody. Funding to date includes a $220 million pre-IPO private placement (June 2025) led by Solari Capital and a $150.5 million at-the-market equity program, alongside a $314 million Bitmain hardware commitment.
American Bitcoin firmographics
Firmographics- Name
- American Bitcoin
- Legal name
- American Bitcoin Corp.
- Website
- https://americanbtc.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- American Bitcoin Corp. (Nasdaq: ABTC) is a publicly traded Bitcoin mining and treasury company that uses Hut 8's infrastructure platform and Bitmain ASIC hardware to mine Bitcoin at scale, retaining BTC on its balance sheet and targeting institutional and retail investors seeking Bitcoin exposure via public equity.
- Ownership category
- akta.pro rank
American Bitcoin industry classification
Industry- Product category
- Bitcoin Mining
- NAICS
- Coal Mining (2121)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Proof-of-Work (PoW) Mining Operations (FSADAOAA)
- akta.pro secondary industry
- Treasury Management & Corporate Crypto Yield Programs (FSADAHAL)
Keywords
Where American Bitcoin is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
American Bitcoin business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Bitcoin Mining Revenue: Revenue generated from Bitcoin mining operations. American Bitcoin mines Bitcoin at a structural cost advantage, reportedly at a 53% discount to spot prices in Q4 2025, with a 53% gross mining margin. Full-year 2025 revenue was $185.2 million. Q4 2025 revenue was $78.3 million.
- Bitcoin Treasury / Asset Appreciation: The company retains Bitcoin mined rather than immediately selling it, building a strategic Bitcoin reserve as its primary treasury strategy. Bitcoin holdings serve as the primary store of value and driver of long-term shareholder value, with the company accumulating BTC both through mining and open-market purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Bitcoin mining and treasury strategy — no public pricing tiers available |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
American Bitcoin product offering
Product offeringCore offering
American Bitcoin operates industrial-scale Bitcoin mining using next-generation ASIC infrastructure, primarily through its asset-light model backed by Hut 8's turnkey digital infrastructure platform. The company supplements mining output with capital-markets-driven Bitcoin purchases to build a strategic Bitcoin reserve, executing a three-layer strategy (Mining, Treasury, Ecosystem) designed to maximize Bitcoin per share for holders of Nasdaq-listed ABTC stock.
Differentiator
Problem solved
Functional benefit
Products and services
- Bitcoin Mining Operations Industrial-scale Bitcoin mining using next-generation ASIC miners (including Bitmain hardware) operated primarily at the Drumheller facility in Alberta, Canada, with average fleet efficiency of approximately 16.0 J/TH and 13.5 J/TH for newer machines. Reached approximately 28.1 EH/s of owned hashrate and 89,242 ASIC miners as of April 2026, mining Bitcoin at a 53% discount to spot prices in Q4 2025 with a 53% gross mining margin.
- Strategic Bitcoin Treasury Reserve A Bitcoin treasury accumulation strategy combining mined Bitcoin with open-market purchases, building a strategic Bitcoin reserve on the balance sheet. American Bitcoin surpassed 7,000 BTC in treasury by late March 2026, making it the 16th largest publicly traded BTC treasury company globally, with approximately one-third of reserves from mining and two-thirds from open-market purchases.
Quantifiable outcome
- 53% gross mining margin — mined Bitcoin at a 53% discount to spot prices in Q4 2025
- +3 more outcomes
Companies that use American Bitcoin
Customer profileSegments2 records
Ideal customer profiles2 records
American Bitcoin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
American Bitcoin partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- Gryphon Digital MiningcoreAmerican Bitcoin completed a reverse merger with Gryphon Digital Mining to become a Nasdaq-listed entity in September 2025. The combined entity is majority-owned by Hut 8 and backed by the Trump family. American Bitcoin debuted on Nasdaq with shares surging nearly 85% on opening day, briefly reaching a $5 billion valuation.
- Hut 8 Corp.coreHut 8 Corp. is American Bitcoin's parent company and primary infrastructure partner. American Bitcoin was launched as a majority-owned subsidiary of Hut 8, leveraging Hut 8's institutional-grade infrastructure, next-generation ASIC technology, and shared services for Bitcoin mining operations. Hut 8 holds majority ownership and jointly controls approximately 98% of the merged entity alongside the Trump family. Hut 8 provides the turnkey digital infrastructure platform enabling American Bitcoin's asset-light growth model and rapid hashrate expansion.
- BitmainmajorAmerican Bitcoin has a $314 million deal to purchase 16,000 Bitmain mining rigs (August 2025), expanding its Bitmain-powered fleet to approximately 89,242 machines. Bitmain is the Chinese Bitcoin mining hardware manufacturer controlling over 80% of the global market. The partnership has drawn scrutiny from US Senator Elizabeth Warren and others over national security concerns (Operation Red Sunset investigation by DHS), though Bitmain plans to open its first US-based ASIC manufacturing facility.
- American Data Centers (Eric Trump venture)majorAmerican Bitcoin operates in partnership with Eric Trump's American Data Centers venture. Eric Trump serves as co-founder and Chief Strategy Officer of American Bitcoin, with the venture focused on Bitcoin mining infrastructure development, including the Vega super mine in Texas built with Bitmain.
Scale indicators8 records
Recent moves8 records
Expansion highlights4 records
American Bitcoin competitors and assessment
Company assessmentDirect peers
- Marathon Digital Holdings: One of the largest publicly listed Bitcoin miners in the US, operating a similar industrial-scale ASIC mining fleet with a corporate Bitcoin treasury strategy, competing for the same investor capital and hashrate scale as American Bitcoin.
- Riot Platforms: Large-cap US-listed Bitcoin miner operating its own ASIC fleet and infrastructure, with growing emphasis on Bitcoin treasury accumulation — directly comparable in business model and target investor base.
- CleanSpark: US-listed Bitcoin mining operator scaling an owned-ASIC fleet with a focus on low-cost power and efficient fleet performance, directly comparable to American Bitcoin's mining-and-treasury model.
- Core Scientific: Public Bitcoin miner emerging from bankruptcy with significant owned hashrate and infrastructure assets, competing with American Bitcoin for institutional capital and mining market share.
- Cipher Mining: US-listed Bitcoin miner building industrial-scale operations in Texas with a similar focus on cost-efficient power and long-term Bitcoin accumulation, directly comparable in business model.
- Bitfarms: North American Bitcoin miner with operations spanning the US and Canada (similar geographic footprint to American Bitcoin's Alberta presence), competing in the same scale and efficiency tier.
- Hive Digital Technologies: Public Bitcoin miner operating ASIC fleets in North America with a stated focus on treasury accumulation and energy-efficient mining — directly comparable scale and geographic profile.
- TeraWulf: US-listed Bitcoin miner operating next-generation ASIC infrastructure in the US, focused on low-cost power and aggressive fleet expansion — closely aligned with American Bitcoin's growth playbook.
Broad incumbents
- Hut 8 Corp. American Bitcoin's parent company and primary infrastructure partner, Hut 8 operates a broader digital infrastructure platform spanning Bitcoin mining, hosting, and managed services — overlapping in mining but with a wider portfolio scope.
Emerging players
- MicroStrategy (Strategy): While primarily an enterprise analytics software company, MicroStrategy pioneered the public-company Bitcoin treasury strategy that American Bitcoin emulates; it is the largest publicly traded corporate holder of BTC and serves as the benchmark thesis for American Bitcoin's treasury-led model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
American Bitcoin social profiles
Digital presenceAmerican Bitcoin financial estimates
Financial estimateRevenue estimate
Valuation estimate
American Bitcoin leadership team
Management profileNumber of profiles
Profiles5 records
American Bitcoin funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
American Bitcoin M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about American Bitcoin
What does American Bitcoin do?
American Bitcoin operates industrial-scale Bitcoin mining using next-generation ASIC infrastructure, primarily through its asset-light model backed by Hut 8's turnkey digital infrastructure platform. The company supplements mining output with capital-markets-driven Bitcoin purchases to build a strategic Bitcoin reserve, executing a three-layer strategy (Mining, Treasury, Ecosystem) designed to maximize Bitcoin per share for holders of Nasdaq-listed ABTC stock.
Is American Bitcoin a public or private company?
American Bitcoin is a public company. It is classified as public and is currently operating.
When was American Bitcoin founded?
American Bitcoin was founded in 2025. It employs 1 to 10 people.
Where is American Bitcoin based?
American Bitcoin is headquartered in Miami, United States, in the North America region.
How does American Bitcoin make money?
Two revenue lines are on record. Bitcoin Mining Revenue is the primary driver. The others are bitcoin Treasury / Asset Appreciation.
Who are American Bitcoin's main competitors?
Direct peers on record are Marathon Digital Holdings, Riot Platforms, CleanSpark, Core Scientific, Cipher Mining, Bitfarms, Hive Digital Technologies and TeraWulf. Hut 8 Corp. is listed as a broad incumbent. MicroStrategy (Strategy) is listed as an emerging player.
Does American Bitcoin have an API?
No public API is recorded for American Bitcoin.
What industry is American Bitcoin in?
American Bitcoin's product category is Bitcoin Mining. Its primary akta.pro industry code is FSADAOAA, Proof-of-Work (PoW) Mining Operations, with a secondary code of FSADAHAL, Treasury Management & Corporate Crypto Yield Programs. Its NAICS code is 2121 and its SIC code is 6200.