American Bitcoin
Coverage of American Bitcoin in the Nexus archive.
- Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC
American Bitcoin Corp (ABTC), a Trump-backed subsidiary of Hut 8 Corp, increased its bitcoin treasury to over 8,000 BTC, a 50% rise from 5,401 BTC at the end of 2025. The growth stems from mining operations and treasury purchases, with a 30% increase in holdings during Q1 2026. The company also executed a 1-for-15 reverse stock split and expanded mining capacity in Alberta.
- Trumps’ American Bitcoin sinks 8.4% ahead of reverse stock split to stay listed
The Trump sons' American Bitcoin stock dropped 8.4% before a reverse stock split intended to maintain its Nasdaq listing. The move aims to buoy shares and prevent delisting.
- Trump-Backed American Bitcoin Shares Fall After $82 Million Q1 Loss
American Bitcoin shares fell over 9% after reporting a quarterly loss of nearly $82 million. The company is a mining firm backed by Eric Trump. The significant loss has impacted the company's stock performance.
- Trump-linked American Bitcoin reports $82M Q1 loss, revenue miss
American Bitcoin, a company linked to Donald Trump's sons, reported an $82M loss in Q1 and missed revenue estimates despite increasing its mining capacity. The company's losses were narrower than expected. American Bitcoin's performance was affected by revenue misses.
- Trump family-backed American Bitcoin's costs dropped 23% in Q1 as mining industry pivots to AI
American Bitcoin's costs dropped 23% in Q1 as the mining industry shifts towards AI, backed by the Trump family. This pivot to AI indicates a significant change in the industry's approach. The Trump family's involvement suggests a notable interest in the cryptocurrency market.
- Eric Trump’s American Bitcoin reports $82 million loss in Q1 amid ‘record’ mining production
American Bitcoin reported an $82 million loss in Q1 despite achieving record mining production of 817 BTC. This marks the company's highest quarterly production on record. The loss occurred amid significant mining activity.
- Eric Trump, John Koudounis Call Bitcoin a Global Reserve Asset, Float $1M Price Target
Eric Trump and John Koudounis argue that Bitcoin is evolving into a global reserve asset, citing institutional adoption and U.S. government holdings of 300,000 BTC. They project a $1M price target, emphasizing supply compression and generational wealth transfers as catalysts for Bitcoin's maturation.
- American Bitcoin Adds 11K Miners, Lifts Hashrate 12%
American Bitcoin added 11,000 miners, resulting in a 12% increase in hashrate. This expansion highlights the company's growth in cryptocurrency mining operations.
- Trump-linked American Bitcoin energizes 11,298 new ASICs
American Bitcoin (ABTC), linked to Donald Trump, activated 11,298 new ASIC mining rigs in March 2026, following a reported $59 million loss in Q4 2025. The expansion indicates continued investment in Bitcoin mining despite financial challenges.
- Eric Trump’s American Bitcoin rises 12% amid increase in BTC mining capacity
American Bitcoin's stock rose 12% after the company activated approximately 11,298 Bitcoin miners at its Drumheller site, signaling expanded mining capacity. The development is linked to Eric Trump's involvement in the company.
- Trump-linked American Bitcoin shares spike over 12% after announcing more mining power
American Bitcoin shares surged over 12% following an announcement of increased mining power. The company is linked to Donald Trump, amplifying investor interest in its cryptocurrency operations.
- American Bitcoin Shares Spike After Trump-Backed Firm Activates 11K BTC Miners
American Bitcoin's share price surged as the company expanded its owned hash rate following the activation of 11,000 BTC miners by a Trump-backed firm. The stock continued to climb after reaching a low in March.