Eric Trump-Backed American Bitcoin Secures $220M War Chest for Massive BTC Mining Expansion
Bitcoin's institutional adoption hits hyperdrive as political capital meets crypto ambition.
American Bitcoin—the mining venture backed by Eric Trump—just locked down a $220 million funding round to supercharge its operations. The capital injection will go straight into cutting-edge mining rigs, positioning the company to capitalize on the next bull cycle.
Wall Street skeptics scoffed—until they saw the check size.
This isn’t just another mining play. It’s a high-stakes bet on Bitcoin’s future, backed by a name that commands attention (and controversy) in equal measure. The move signals growing confidence in crypto’s infrastructure—even as traditional finance clings to its spreadsheets.
One thing’s clear: When money talks, miners listen.
Hut 8 Corp SEC filing. Source: Hut 8
American Bitcoin is a relatively new entity launched in March, which exclusively focuses on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company is a majority-owned subsidiary of Hut 8.
Eric Trump’s brother, Donald TRUMP Jr, said in May, “simply buying Bitcoin is only half the story,” adding that mining it becomes a bigger opportunity under favourable economics.
Hut 8 Plans American Bitcoin Merger
The report added that the company is pursuing a Nasdaq listing through a full stock merger with Gryphon Digital Mining.
Following the merger, both the sons of President Trump, Eric Trump, Donald Trump Jr., along with existing shareholders, will retain 98% of the shares in the new entity, a MOVE that was already announced in May.
The newly combined entity will operate under the American Bitcoin brand and is expected to carry the ticker symbol “ABTC,” on Nasdaq.
Hut 8’s Global Expansion Plans
Additionally, a representative told Bloomberg on Monday that Hut 8 is planning to diversify operations, tapping into new markets.
The mining giant has chosen Dubai as its next mining destination, given the city’s crypto-friendly environment. The expansion move is not related to the Trump-linked venture, the source added.
