September 6, 2025
at
6:58 pm
EST
MIN READ
American Bitcoin, the Bitcoin mining company co-founded by brothers Eric and Donald Trump Jr., recently announced an expansion of its mining operations.
The company stated in a press release that they have “acquired and energized ~14 exahash-per-second (EH/s) of installed hashrate” bringing “total installed hashrate from ~10 EH/s to ~24 EH/s” as of September 1st 2025.
The announcement has come after the company’s debut on the stock market where the stock initially surged 91% before falling and eventually finishing up 16%.
American Bitcoin went public on the Nasdaq exchange - the home of many of the biggest tech companies - through a merger with an existing Bitcoin mining company: Gryphon Digital Mining.
Trading was halted several times throughout the day due to chaotic price swings. The company trades under the ticker ABTC.
The company can be tracked on Arkham and currently has a holding value of over $256 million with 2.3K BTC.
Asher Genoot, the Executive Chairman of American Bitcoin, has suggested that the company has a “dual strategy” for growing Bitcoin-per-share. Alongside “disciplined accumulation”, the company will continue to expand its mining operations.
This, Genoot added, gives American Bitcoin a “structural advantage” over “purchase-only Bitcoin treasury vehicles.”
American Bitcoin joins a growing list of Bitcoin treasury companies as the trend continues to develop. After a frenetic first day in the stock market, time will tell whether the market responds positively to the company’s dual acquisition strategy.
The model may be a Bitcoin-based response to Ethereum treasury companies which benefit from Ethereum’s Proof-of-Stake model where treasuries become a productive asset that bring returns over time. By adding mining to the mix, a key part of Proof-of-Work, Bitcoin can be more of a productive asset.
This is the second Trump-backed project to debut on the markets this week after World Liberty Financial unlocked a portion of its WLFI tokens on Monday.