Eric Trump is diving deep into Bitcoin, but this time, not as a buyer. At Consensus 2025, he announced a game-changing plan to dominate the mining sector, igniting both ambition and controversy.
Eric Trump Reveals Mining Ambitions: “We Will Mine Bitcoin Below $38,000”
At the Consensus 2025 conference in Toronto, Eric Trump, son of former U.S. President Donald Trump and co-founder of American Bitcoin, revealed an ambitious blueprint to reshape the digital mining landscape.
“We’re going to mine Bitcoin at $37,000–$38,000. We’re not buying it at $102,000. We’re creating it,” Eric Trump declared to a packed audience.
This statement marked the public debut of American Bitcoin, a new crypto mining venture focused on cost-efficient production of BTC. With market prices exceeding $100,000 per BTC, the Eric Trump-led strategy aims to outcompete companies like MicroStrategy, which accumulates BTC primarily through open-market purchases.
Nasdaq Listing Incoming: Merger with Gryphon Digital Mining
In a strategic move to fast-track growth, American Bitcoin is merging with Gryphon Digital Mining through an all-stock transaction. The combined company plans to list on the Nasdaq under the ticker “ABTC” in the coming months.
According to a Reuters report, this merger gives American Bitcoin immediate access to industrial-scale infrastructure, operational teams, and capital markets, a critical advantage as institutional interest in mining grows.
“Listing on Nasdaq is just the beginning,” said an executive from Gryphon. “We’re building an American powerhouse in Bitcoin production.”
Launched with Hut 8: Strategic Alliance Strengthens U.S.-Canada Ties
American Bitcoin isn’t a solo venture. It launched in collaboration with Hut 8, one of Canada’s leading Bitcoin miners. CEO Asher Genoot of Hut 8 emphasized the importance of aligning with U.S.-based energy infrastructure and regulatory clarity.
This U.S.-Canada partnership not only strengthens the project’s technical foundation but also adds a layer of political leverage and public trust, a key factor in today’s regulatory-heavy crypto climate.
The Political Angle: Bitcoin, Patriotism, and Public Strategy
The timing of Eric Trump’s mining initiative isn’t accidental. Earlier this year, Donald Trump issued an executive order creating the Strategic Bitcoin Reserve, signaling a major shift in national policy. The directive urged American companies to support domestic BTC production, not just acquisition.
“Bitcoin is national security,” Trump stated in March 2025. “We cannot let China, or anyone else, lead in this industry.”
Eric’s company seems to be echoing this vision, branding American Bitcoin as “the patriotic response to global crypto dominance.”
Critics Slam Potential Conflict of Interest
However, the announcement hasn’t come without scrutiny. Ethics watchdogs and policy critics argue that the blurred lines between the Trump family’s political presence and their growing crypto business empire pose serious concerns about transparency and favoritism.
“We need to ensure public power isn’t being used to enrich private ventures,” said a spokesperson from the U.S. Government Accountability Project.
The Guardian recently published a feature warning about the need for greater oversight and conflict-of-interest protections in crypto ventures backed by politically influential figures.
Market Reactions: Institutional Mining at the Forefront
Despite the backlash, the market’s response has been largely positive. Bitcoin maximalists and mining advocates have welcomed the move, noting that U.S.-based mining is essential for long-term network security and geopolitical independence.
The announcement has also sparked increased search volume and investor interest in Gryphon Digital and Hut 8, both of which could benefit significantly from association with the Trump brand.
Bitcoin Mining Economics: Can $37K Production Be Sustained?
Mining Bitcoin at $37,000–$38,000 requires optimal energy sourcing, high-efficiency ASICs, and economies of scale. Analysts point out that if American Bitcoin reliably achieves this margin, it could become a profit engine, especially in bull markets.
| Metric | Value (Est.) |
|---|---|
| Current BTC Market Price | $102,450 |
| Target Production Cost (ABTC) | $37,000–$38,000 |
| Annual Mining Goal (Est.) | 10,000–12,000 BTC |
| Planned Nasdaq Ticker | ABTC |
| Partners | Hut 8, Gryphon Digital |
| Location Focus | North America |
Conclusion: American Bitcoin Could Be a Game-Changer, If It Delivers
With political momentum, capital access, and industrial partnerships, American Bitcoin could become a major player in the next era of institutional crypto mining. But the company’s long-term success will depend on transparency, operational execution, and avoiding the pitfalls of political entanglement.
For now, one thing is clear: Eric Trump’s move into Bitcoin isn’t just a side project, it’s a strategic power play.
FAQs
What is American Bitcoin?
American Bitcoin is a crypto mining firm co-founded by Eric Trump, aiming to produce Bitcoin at below-market cost.
How is it different from other mining companies?
It focuses on extremely low-cost BTC production and plans to merge with Gryphon Digital, offering scale and Nasdaq access.
Is this linked to Trump’s presidency?
Yes. The firm aligns with Donald Trump’s recent executive order promoting Bitcoin as a strategic national asset.
Glossary of Key Terms
Bitcoin Mining: The process of validating Bitcoin transactions and earning BTC by solving cryptographic problems.
ASICs: Application-specific integrated circuits used for efficient crypto mining.
Strategic Bitcoin Reserve: A government-backed initiative to stockpile Bitcoin as a sovereign asset.
Conflict of Interest: When personal interests interfere with public responsibilities or transparency.
References and Sources
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
For advertising inquiries, please email . [email protected] or Telegram
