Trump-Linked Bitcoin Miner American Bitcoin Targets September Trading Launch: Here’s What You Need to Know

Mining giant with political ties gears up for public market debut.

Market Moves

American Bitcoin—the mining operation backed by Trump family connections—just signaled its September trading ambitions. This isn't just another crypto IPO; it's a politically-charged entry into public markets during peak election season.

Strategic Timing

The company's pushing for a September launch, positioning itself to capitalize on both crypto's resurgence and the political narrative. No numbers were disclosed, but the timing suggests confidence in both market conditions and regulatory landscapes.

Industry Impact

Another major miner going public could further legitimize institutional crypto infrastructure—or just give Wall Street another volatile asset to overhype and undersell to retail traders chasing the next meme stock sensation.

Trump Brothers and Hut 8 Retain Near-Total Control of American Bitcoin After Merger

Co-founders Eric Trump and Donald Trump Jr, together with Hut 8, will hold a combined 98% of the entity.

Genoot told Reuters that the team opted for a merger rather than a direct listing. He said the route gave the company better access to financing by leveraging an existing business already connected to capital markets.

American Bitcoin has been exploring acquisitions in Hong Kong and Japan to expand its footprint, the Financial Times reported earlier this month. Genoot confirmed that the company is actively assessing opportunities in Asia, with the aim of giving investors broader access to bitcoin-linked assets beyond the US.

He said that while discussions are under way, no firm commitments have been made. The focus, he added, is to create options for investors who cannot directly buy Nasdaq-listed crypto stocks due to local restrictions.

American Bitcoin Born From Hut 8’s Strategic Shift Into Infrastructure

Founded earlier this year, American Bitcoin emerged from Hut 8’s pivot away from pure crypto mining into energy infrastructure and data centres. The new venture, created in partnership with the Trump brothers, is now positioning itself as a global bitcoin miner with ambitions to expand through acquisitions and partnerships.

The strategy has been described as mirroring the approach of large US-listed bitcoin firms that use equity financing and mergers to accelerate growth. Genoot said the goal is to build a vehicle that can appeal to both institutional investors and retail traders looking for exposure to bitcoin through regulated exchanges.