American Bitcoin demonstrates the scale of American mining: an inside look

robot
Abstract generation in progress

Eric Trump organized a detailed overview of the American Bitcoin Texas complex for an audience on social network X. The video shows rows of modern equipment with liquid cooling systems. The 35,000 cryptocurrency mining devices installed operate exclusively on renewable American energy sources, emphasized the company’s partner.

Impressive mining metrics and infrastructure

According to Trump, the daily mining volume at the site accounts for 2% of the global Bitcoin supply. Achieving such results requires a serious physical infrastructure: powerful servers, reliable cooling systems, and stable electricity supply. This tangible physical infrastructure, in the businessman’s opinion, confirms the materiality of Bitcoin itself.

From partnership to leadership

Eric Trump founded American Bitcoin in March of this year together with his brother Donald Trump Jr. The company’s ownership structure is as follows: Hut 8 Group owns 80% of the shares, with the remaining 20% owned by American Data Centers, managed by Eric Trump. Currently, the company controls a portfolio of 4,004 bitcoins, placing it 25th among the largest corporate BTC holders.

Intensive expansion through investments

In addition to producing bitcoins on its own farm, American Bitcoin actively replenishes reserves through capital raising. Over nine months of operation, (from March to November), the company attracted $220 million, directing these funds toward acquiring additional bitcoins and expanding its mining equipment fleet. Eric Trump does not hide his ambitions: the company aims to become one of the most influential players in the crypto market globally.

Recently, Trump mentioned several reasons why Bitcoin could surpass the psychological level of $1 million, reflecting growing investor confidence in the long-term potential of the leading cryptocurrency.

BTC-2,07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)