Eric Trump Gives A Sneak Peek Of American Bitcoin's Mining Facility, Calls It 'Living Proof' Of Tangible Nature Of Crypto
Yahoo Finance·2025-11-25 19:31

Group 1 - Eric Trump, co-founder of American Bitcoin Corp. (NASDAQ:ABTC), highlighted the company's Bitcoin mining facility in Texas, claiming it mines about 2% of the world's Bitcoin supply daily [1][2] - The facility operates with 35,000 liquid-cooled servers and emphasizes the use of "American energy" on "American soil" [1][2] - American Bitcoin Corp. is a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT) and functions as both a Bitcoin miner and treasury company, currently holding 4,004 BTC valued at $352 million [4] Group 2 - The company is building a strategic Bitcoin reserve while also generating new BTC through in-house mining [4] - Eric Trump has expressed a bullish outlook on Bitcoin, encouraging investors to buy during the current market dip and reiterating a $1 million price prediction for Bitcoin [5]