Trump Family-Linked American Bitcoin Plunges 21%

Bitcoin miner American Bitcoin tumbled 21.3% in pre-market trading on Tuesday, pressured by the continued decline in Bitcoin prices. Eric Trump is the company’s co-founder and chief strategy officer. With Bitcoin down roughly 30% from its record high in October, shares of American Bitcoin have now fallen more than 60% from their peak in September.

The Miami-based miner, which became a standalone public entity after spinning out from Hut 8 and merging with Gryphon Digital Mining, has aggressively scaled its operations. 

During Q3, American Bitcoin expanded its mining capacity roughly 2.5 times to 25 exahash per second (EH/s), with its fleet achieving an efficiency of 16.3 joules per terahash (J/TH). 

The company’s scalable, “asset-light” mining approach allowed it to generate bitcoin below market prices, while disciplined at-market purchases contributed to wider profit margins.

Eric Trump emphasized that the firm’s strategy focuses on both production and accumulation, reinforcing long-term value creation as market conditions fluctuate.