ABTC: Trump-Backed Bitcoin Mining Giant Eyes 25 EH/s Expansion 🇺🇸⚒️
American Bitcoin Corp (ABTC), the new mining venture spun off from Hut 8 and backed by Eric Trump and Donald Trump Jr., is preparing to go public as it targets 25 EH/s of hashrate capacity.
🚀 Officially launched on April 1, 2025, ABTC already controls 10.17 EH/s using Bitmain and MicroBT machines. Its growth plan hinges on a 15 EH/s expansion deal linked to Bitmain’s ultra-efficient U3S21EXPH miners.
💰 The disclosed purchase price for the 17,280 units sits at $320M, implying $21/TH/s before tariffs. If completed, this move could make ABTC one of the largest publicly listed miners globally.
📉 Yet the company faces major challenges — including a Q1 production cost of $86,303 per $BTC and growing geopolitical uncertainty. Rising U.S. tariffs on Chinese mining hardware could impact ABTC’s cost base, given its full reliance on imported machines.
With 215 $BTC in reserves and a bold strategy, ABTC is betting big on scaling — but macro risks may test its American-made narrative.
