American Bitcoin Corp. (Nasdaq: ABTC), the Bitcoin mining company co-founded and backed by Eric Trump (Chief Strategy Officer) and Donald Trump Jr., has announced a major expansion with a new mining facility.
The new site significantly boosts mining capacity and hash rate.
Eric Trump emphasized the company's commitment to "mining and hoarding" strategy — mine BTC and hold long-term rather than sell immediately.
This comes amid a tough period for miners: ABTC reported a $59 million Q4 2025 loss and stock down ~90% from the September 2025 peak due to BTC price crash and high energy costs.
Quick Takeaway:
The Trump family is doubling down on Bitcoin infrastructure despite the current bear market. Expansion shows confidence in long-term BTC value, but short-term profitability remains challenged for the sector.