- American Bitcoin targets mining Bitcoin at $37,000–$38,000, a 65% cost reduction.
- Eric Trump’s firm to go public on Nasdaq via Gryphon merger by Q3 2025.
- Low-cost U.S. energy drives American Bitcoin’s efficient mining strategy.
American Bitcoin co-founder Eric Trump has announced plans to overhaul the Bitcoin mining process by cutting costs significantly. In his presentation at the Consensus 2025 event in Toronto, he announced plans to mine Bitcoin at a cost of $37,000 to $38,000 per coin. The company hopes to set an example for other crypto miners by operating at the forefront of American Bitcoin mining.
American Bitcoin was founded in March 2025 by Hut 8 Corp and is supported by Eric Trump and his brother, Donald Trump Jr. The firm is soon to go public as a result of a planned merger with another company and will be listed on the Nasdaq as ‘ABTC’ by the third quarter of 2025.
Leveraging Low-Cost Energy for Efficiency
One of the cornerstones of the United States strategy for Bitcoin mining, according to Eric Trump, is the use of inexpensive electricity. He stated that making something for only a fraction of what people are ready to spend on it while using the most affordable forms of energy available is a revolutionary idea. The entity plans to capitalize on extra energy produced from fossil fuels that is now available in the United States.
Consequently, with more than one-third of the world’s hashing speed, the US continues to be the leading venue for Bitcoin mining. The business plans to make the most of the current boom in cryptocurrency mining by expanding its mining infrastructure.
Many analysts believe that the organization is making its purchases in the same way MicroStrategy has been. On the contrary, Eric Trump underlined the importance of mining rather than buying Bitcoin in order to build up a long-term investment. He suggested that Bitcoin was worth buying because it typically offered gains greater than 60% per year.
Public Listing and Strategic Expansion
American Bitcoin’s acquisition of Gryphon Digital Mining signals an important move forward for the company. The all-stock deal will allow the company to raise funds and put those proceeds towards ramping up its mining efforts. Eric Trump stated that the goal of this move was to create a platform that would be most appealing to Bitcoin investors.
To maintain American Bitcoin’s dependability and uptime, Hut 8 will remain the only data center supplier. The ownership of the company also includes American Data Centers, which is affiliated with the Trump family. The enlarged company is targeting to emerge as the largest publicly traded Bitcoin mining company globally, with its hash rate approaching the figure reported by Mara and TeraWulf in the final quarter of 2024.
American Bitcoin is following a pro-crypto mining stance that has gained the support of the current U.S. administration. President Trump has voiced his commitment to making the United States the go-to destination for cryptocurrency mining activities. The administration’s deregulation of environmental controls should make energy costs more affordable for miners, which could improve Bitcoin’s chances of increasing usage in the US.
The cost-reduction goals faced several obstacles in the organization.Electricity consumption from Bitcoin mining may reach 2.3 percent of the U.S. power grid, spurring worries about the strain on the environment and power system. Some experts worry that Bitcoin’s contribution to carbon emissions could worsen climate change, but the American Bitcoin Foundation has yet to comment on the issue.
Eric Trump is still confident about the success of the project. His goal is to acquire Bitcoin at a faster rate than anyone else in the market. The adoption of affordable mining equipment allows the company to reap substantial income from Bitcoin’s price rise to $100,000 in May 2025.
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