American Bitcoin | Crypto

Mining supplied roughly 95% of Q2 reserve growth, while first-half operations and Bitcoin purchases used $129.1 million in cash. The post American Bitcoin built an 8,002 BTC reserve, but nearly 40% of it is quietly tied up with Bitmain appeared first on CryptoSlate.

The Q2 filing leaves 4,912 BTC outside the disclosed Bitmain pledge and shows no automatic Bitcoin-price trigger. The post Eric Trump’s American Bitcoin has pledged nearly 40% of its Bitcoin to buy mining equipment appeared first on CryptoSlate.

Trump-linked Bitcoin miner produced a record 932 BTC in the second quarter, lifting mining revenue 8% as its net loss narrowed from the previous quarter. American Bitcoin posted record Bitcoin production in the second quarter, as higher mining output lifted revenue while the Trump family-linked miner remained in the red. The Nasdaq-listed company, co-founded by Eric Trump and Donald Trump Jr., reported Q2 results on Monday, with record production of 932 Bitcoin helping lift mining revenue 8% to $67 million from $62.1 million.  The company reported a net loss of $57.2 million, narrowing from a $81.8 million Q1 loss. Read more

American Bitcoin is becoming a public-market test of whether BTC-per-share growth can still command a premium when weak liquidity forces the stock structure into view. The post Eric Trump’s American Bitcoin forces 1:15 reverse split to avoid Nasdaq delisting amid 8k BTC holding appeared first on CryptoSlate.

The Trump sons' American Bitcoin hit a low on Wednesday ahead of the company’s reverse stock split, which aims to buoy shares and keep it on the Nasdaq. Shares in the Trump family-backed American Bitcoin (ABTC) sank to an all-time low on Wednesday after the crypto miner set a date for a 1-for-15 reverse stock split in a bid to stay listed on the Nasdaq. American Bitcoin said its reverse stock split will go into effect after the market closes Thursday and will begin trading on a split-adjusted basis when the market opens Monday. It would continue to trade under the ticker ABTC. It said every 15 shares of the company’s Class A and B common stock will be reclassified as one share. The company expects its common stock to be reduced from more than 1 billion outstanding shares to about 73 million. Read more

The Eric Trump-led company adds 3 EH/s in new capacity, expanding its Alberta mining fleet as it deepens exposure to BTC amid volatile market conditions. Trump family-backed American Bitcoin said Tuesday it has expanded its fleet of Bitcoin mining machines, increasing its computing capacity as competition among large-scale miners intensifies. The company has acquired 11,298 new application-specific integrated circuit (ASIC) miners, which are expected to add about 3.05 exahashes per second (EH/s) to its operations once it is deployed at its Drumheller, Alberta site this month. The purchase will boost American Bitcoin’s fleet size to 89,242 miners, representing about 28.1 EH/s of owned capacity. Read more

American Bitcoin posted a $59.5 million Q4 loss while its revenue rose and its Bitcoin stack topped 6,000 coins, as peers pivot to AI and sell down treasuries. American Bitcoin Corp. (ABTC) reported a fourth quarter 2025 net loss of $59.5 million, even though its revenue climbed to $78.3 million, up 22% from the third quarter, according to its latest earnings release and 8‑K filing with the United States Securities and Exchange Commission (SEC).  The Trump family‑backed Bitcoin (BTC) miner posted a Q4 gross margin of 53% and said it had “mined Bitcoin at a 53% discount” to spot purchasing. A sizable non‑cash loss on digital assets contributed to a full-year 2025 net loss of $153.2 million, driven in large part by fair‑value markdowns on its Bitcoin holdings.  Read more

Bitcoin (BTC) clawed back from $86,286 on Dec. 2 to $93,324 as of press time, up by 8%, while the Trump family’s American Bitcoin (ABTC) shares tumbled. The BTC price increase can be attributed to improved macro conditions and Vanguard’s opening of crypto ETF access to tens of millions of clients. At the same time, […] The post American Bitcoin plunged 50% during a crypto rally, exposing a fatal flaw in the “Trump proxy” trade appeared first on CryptoSlate.

American Bitcoin acquired 1,414 BTC while Michael Saylor’s Strategy added 390 BTC.

American Bitcoin Corp. (ABTC), backed by Donald Trump Jr. and Eric Trump, filed with the Securities and Exchange Commission (SEC) on Sept. 3 seeking to raise $2.1 billion through share sales. The filing follows a volatile Nasdaq debut that saw ABTC stock surge 91% in one hour before crashing lower than the opening price by […] The post Trump brothers seek $2.1B raise via share sales amid American Bitcoin’s volatile Nasdaq debut appeared first on CryptoSlate.

Trading of ABTC was halted five times on Wednesday amid heightened price volatility, with the share pricing surging by 85% intraday. The Nasdaq stock exchange halted trading of American Bitcoin (ABTC) shares five times Wednesday as volatility spiked on the stock’s relisting debut. Shares of ABTC, a Bitcoin (BTC) mining company co-founded by Eric Trump and Donald Trump, Jr., climbed by nearly 85%, hitting a high of $14 per share during intraday trading, following American Bitcoin’s stock merger with Gryphon Digital Mining, another crypto mining company. ABTC trading was first halted at 3:09:35 UTC for 10 minutes and again at 3:20:11 UTC, with two additional halts at 3:30:54 and 3:40:12. Read more

Gryphon Digital Mining shareholders approve the merger with Trump family-linked American Bitcoin, paving the way for Nasdaq debut under ticker ABTC. Gryphon Digital Mining, a publicly traded Bitcoin miner based in Las Vegas, Nevada, has received final shareholder approval to merge with American Bitcoin, a mining company linked to US President Donald Trump’s family. Shareholders approved the stock-for-stock merger on Wednesday, with the company announcing the decision on Friday. As part of the deal, a reverse five-to-one stock split and new listing are scheduled for 5:00 pm ET on Sept. 2. Once the reverse split is complete, the combined entity will adopt the American Bitcoin name and begin trading under the ticker symbol “ABTC.” Read more

Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock transaction, with the combined entity operating under the American Bitcoin brand. Bitcoin mining firm American Bitcoin is going public through a merger with crypto mining company Gryphon Digital Mining, the companies announced on May 12. Under the terms of the deal, Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock transaction. After the merger, the new company will operate under the American Bitcoin brand and be led by its board of directors, which includes Eric Trump, the second-eldest of US President Donald Trump’s three sons. News of the merger coincided with a sharp rise in Gryphon Digital Mining’s stock price, which climbed from $0.52 on May 9 to $2.15 at the time of writing, a gain of more than 313%, according to Google Finance. The announcement follows early April reports that American Bitcoin was considering an initial public offering (IPO). Read more