American Bitcoin

American Bitcoin Corp is a U.S.-based company focused on bitcoin mining and the accumulation and management of bitcoin as a corporate treasury asset. The company was established in March 2025 by Eric Trump, Donald Trump Jr., and shareholders connected with their former venture, American Data Centers. Its development was linked to discussions between executives of digital-infrastructure company Hut 8 Mining and Eric Trump in late 2024. At launch, Hut 8 held an approximately 80% equity interest, while the Trump family and other American Data Centers shareholders held the remaining approximately 20%. This structure positioned American Bitcoin as a majority-controlled venture supported by Hut 8's infrastructure, operating expertise, and access to mining facilities. The company is incorporated in Delaware and headquartered in Miami, Florida. American Bitcoin's core activity is the operation of specialized computing equipment used to validate transactions and earn bitcoin rewards. Its facilities are supplied or supported by Hut 8 and include sites in Niagara Falls, New York; Medicine Hat, Alberta; and Orla, Texas. By May 31, 2025, the company reported operating more than 60,000 application-specific integrated circuit miners, with contractual rights to acquire a further 17,280 Bitmain machines. Between April and May 31, 2025, it reported mining 215 bitcoin. The business describes its strategy through three related activities: operating bitcoin-mining facilities, accumulating bitcoin through mining and open-market purchases, and developing services connected with its mining and treasury operations. This approach combines the economics of digital-asset infrastructure with a balance-sheet strategy centered on holding bitcoin. In July 2025, the company reported raising $220 million for mining equipment and a strategic bitcoin reserve. A September 2025 regulatory filing reported holdings of 2,443 bitcoin, stated in the reference material as worth approximately $269 million at that time; the value of such holdings is inherently subject to changes in the bitcoin market price. American Bitcoin also became associated with public-market access through an all-stock merger announced on May 12, 2025, with Nasdaq-listed Gryphon Digital Mining. The combined entity retained the American Bitcoin name, and American Bitcoin began trading on the Nasdaq Global Select Market on September 3, 2025. The transaction marked a transition from a newly formed private mining venture to a publicly traded bitcoin-mining and treasury company. Its positioning therefore rests on industrial-scale mining capacity, access to Hut 8's digital-infrastructure platform, and a stated intention to build a substantial bitcoin reserve. Information supplied for this dossier does not establish a separate consumer-facing product portfolio or a confirmed trading symbol.

American Bitcoin emerged from discussions that began in late 2024, when executives of Hut 8 Mining met Eric Trump at the Trump National Golf Club in Jupiter, Florida. Those discussions developed into a new bitcoin-mining venture involving Eric Trump, Donald Trump Jr., and shareholders of American Data Centers, a former venture associated with the founders. American Bitcoin was formally founded in March 2025. The venture was structured around Hut 8's digital-infrastructure platform. At launch, Hut 8 held approximately 80% of the equity, while the Trump family and other American Data Centers shareholders held the balance. American Bitcoin was incorporated in Delaware and established its headquarters in Miami, Florida. Matt Prusak was appointed its first President in 2025. Operationally, the company relied on mining facilities supplied or supported by Hut 8. The listed sites included Niagara Falls in New York, Medicine Hat in Alberta, Canada, and Orla in Texas. By May 31, 2025, American Bitcoin stated that it operated more than 60,000 ASIC miners and had contractual rights to purchase another 17,280 Bitmain machines. It reported mining 215 bitcoin between April and the end of May. These disclosures established the company as an infrastructure-scale miner rather than a consumer cryptocurrency service. American Bitcoin's strategy combined three activities: running mining facilities, accumulating bitcoin through mining and open-market acquisitions, and developing related services. In July 2025, it reported raising $220 million to finance mining equipment and a strategic bitcoin reserve. A September 2025 SEC filing reported that the company held 2,443 bitcoin. The reference material valued those holdings at approximately $269 million at the time of filing, although the market value of bitcoin holdings changes continuously. The company pursued a public-market listing through a merger with Gryphon Digital Mining. The proposed all-stock transaction was announced on May 12, 2025, and the surviving entity retained the American Bitcoin name. Gryphon's shares reportedly rose 285% to $2.00 after the announcement; this was a market reaction to the transaction rather than a company operating result. On September 3, 2025, American Bitcoin began trading on the Nasdaq Global Select Market. The available reference material does not identify a confirmed ticker, a standalone consumer brand portfolio, or additional corporate offices. Its documented identity is principally that of a Hut 8-majority-owned bitcoin-mining and treasury-management company whose public-market profile was created through the Gryphon transaction.

• 2025

  Company founded

  [1]American Bitcoinen.wikipedia.org

  American Bitcoin was founded in March 2025 by Eric Trump, Donald Trump Jr., and shareholders of American Data Centers.

• 2025

  Initial mining operations reported

  [1]American Bitcoinen.wikipedia.org

  The company reported mining 215 bitcoin between April and May 31, 2025, while operating more than 60,000 ASIC miners.

• 2025

  Merger with Gryphon announced

  [1]American Bitcoinen.wikipedia.org

  On May 12, 2025, Gryphon Digital Mining announced an all-stock merger with American Bitcoin, with the combined company retaining the American Bitcoin name.

• 2025

  Funding for equipment and bitcoin reserve

  [1]American Bitcoinen.wikipedia.org

  On July 1, 2025, American Bitcoin reported raising $220 million to support mining-equipment purchases and a strategic bitcoin reserve.

• 2025

  Nasdaq trading begins

  [1]American Bitcoinen.wikipedia.org

  American Bitcoin began trading on the Nasdaq Global Select Market on September 3, 2025, following the Gryphon merger.

• 2024

  Initial discussions with Hut 8

  [1]American Bitcoinen.wikipedia.org

  Plans for the venture began to take shape after Hut 8 executives met Eric Trump in late 2024 at the Trump National Golf Club in Jupiter, Florida.

A Hut 8-backed bitcoin-mining and digital-asset treasury company combining mining infrastructure with bitcoin accumulation.

• Digital-asset infrastructure · 2025

  Bitcoin mining operations

  American Bitcoin operates specialized ASIC mining equipment at facilities in the United States and Canada. The activity involves deploying computing capacity to participate in the Bitcoin network and earn bitcoin rewards. By May 31, 2025, the company reported more than 60,000 operating ASIC miners and rights to acquire an additional 17,280 Bitmain machines.

• Corporate treasury · 2025

  Bitcoin treasury management

  The company seeks to accumulate and hold bitcoin through both mining output and open-market purchases. Its stated treasury strategy is intended to build a strategic bitcoin reserve, making bitcoin holdings a central part of the corporate balance sheet rather than merely an output sold immediately after mining.

• Digital-asset services · 2025

  Mining-related services

  American Bitcoin identifies the development of related services as one of its strategic lines of business. The supplied material does not specify named standalone services, customer packages, or product brands, so this category is documented only at the level of the company's stated strategic scope.

• 2025

  All-stock merger with Gryphon Digital MiningM&A

  Background

  American Bitcoin sought access to the public markets through a combination with Nasdaq-listed Gryphon Digital Mining. The transaction was announced on May 12, 2025, while Hut 8 remained the majority owner of the American Bitcoin venture at launch.

  Action taken

  The parties pursued an all-stock merger, with the combined entity retaining the American Bitcoin name. Trading under the American Bitcoin name began on the Nasdaq Global Select Market on September 3, 2025.

  Aftermath

  The transaction converted American Bitcoin into a publicly traded company. Gryphon's shares reportedly rose 285% to $2.00 when the merger was announced, reflecting the immediate market response described in the reference material.

  Source

• 2025

  Strategic bitcoin-reserve and equipment financingStrategy

  Background

  The company planned to expand mining capacity while accumulating bitcoin as a treasury asset.

  Action taken

  American Bitcoin reported raising $220 million by July 1, 2025, for mining equipment and a strategic bitcoin reserve.

  Aftermath

  The financing supported the company's stated combination of industrial mining and bitcoin treasury management. The supplied material does not provide a full financing structure or subsequent performance analysis.

  Capital raised. $220 million (Reported by July 1, 2025)

  Source

1. 1American Bitcoinen.wikipedia.org