Trump Family-Linked American Bitcoin Plunges 21%

Tiger Newspress

Yesterday

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.

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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.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2c86bbf3d00afe3ee844a7c44a261c8f\" tg-width=\"536\" tg-height=\"158\"/></p><p>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. </p><p style=\"text-align: start;\">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). </p><p>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.</p><p>Eric Trump emphasized that the firm’s strategy focuses on both production and accumulation, reinforcing long-term value creation as market conditions fluctuate.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ABTC","symbol_name":"American Bitcoin","start_time":0,"source_url":"","article_id":"1155629083","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155629083","pubTimestamp":1764683349,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Bitcoin miner $American Bitcoin(ABTC)$ 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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ABTC":"American Bitcoin"},"translate_title":"与川普家族相关的美国比特币暴跌21%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABTC":2},"content_text":"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. 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