Bitcoin News Today: Trump-Backed ABTC Unveils Blueprint for Bitcoin Supremacy in U.S. Markets

American Bitcoin Corp. (Nasdaq: ABTC) has announced a significant expansion of its Bitcoin mining operations, scaling from 10 EH/s to 24 EH/s as part of its strategy to become a leading public vehicle for institutional-grade exposure to Bitcoin [1]. The company, formed through a stock-for-stock merger with Gryphon Digital Mining, Inc., began trading on the Nasdaq on September 3, 2025, under the ticker symbol ABTC. The listing was highlighted as a pivotal step in integrating Bitcoin into the core of U.S. capital markets [1]. Eric Trump, co-founder and chief strategy officer of American Bitcoin, emphasized that the firm’s mission is to position the United States as the undisputed leader in the global Bitcoin economy. The merger with Gryphon Digital Mining provided a framework for American Bitcoin to leverage Hut 8’s energy and digital infrastructure, thereby enabling cost-efficient Bitcoin mining and accumulation [1].

American Bitcoin employs a dual accumulation strategy that combines self-mining with opportunistic market purchases. This approach allows the company to maintain flexibility in response to market dynamics while prioritizing returns on invested capital [1]. The firm’s model leverages Hut 8’s colocation infrastructure and next-generation ASIC technology, which significantly reduces the need for large upfront capital expenditures. Shared services further enhance SG&A efficiency, enabling the company to allocate more capital toward scaling its hashrate and expanding Bitcoin reserves [1]. According to Asher Genoot, Hut 8’s CEO and American Bitcoin’s executive chairman, the integration of mining operations with strategic market purchases and infrastructure support is intended to drive Bitcoin-per-share growth efficiently [1].

The firm’s listing on the Nasdaq has already generated considerable market interest. American Bitcoin’s shares opened at $6.90 and surged as much as 90% during the first hour of trading, settling at a 16.52% increase by the market close [2]. Shareholders, including Eric Trump, Donald Trump Jr., and Hut 8, collectively control 98% of the company [2]. The Trump brothers have now completed two major crypto-related listings this week, following the debut of the token for World Liberty Financial on Monday [2]. The strategic timing and high-profile backing have drawn attention to American Bitcoin’s potential as a key player in the evolving digital asset landscape [2].

In parallel, HIVE Digital Technologies has also made strides in the Bitcoin mining sector. The company recently completed Phase 2 of its Yguazú project in Paraguay, reaching a hashrate of 18 EH/s and producing over 8.5 Bitcoin per day [3]. HIVE’s operations, powered by renewable hydroelectric energy from the Itaipú Dam, highlight the growing trend of leveraging clean energy for mining activities. The company is on track to reach a total hashrate of 25 EH/s by U.S. Thanksgiving 2025, with projected daily Bitcoin production of approximately 12 BTC [3]. HIVE’s expansion underscores the increasing capital efficiency and infrastructure sophistication in the mining industry, mirroring American Bitcoin’s own strategic focus [3].

The market response to Bitcoin-related equities and tokens has been notable. Bitcoin’s price rose to $111,500 per coin in early trading on September 3, 2025, reflecting a 19% year-to-date increase [2]. The broader crypto market has shown volatility, with smaller tokens like World Liberty Financial experiencing sharp price swings. World Liberty’s token, for instance, surged and then declined by approximately 5% within a day, a common pattern for newly listed digital assets [2]. The Trump family’s control of a significant portion of World Liberty tokens—valued at $4.8 billion—highlights the growing financial stakes of high-profile actors in the crypto space [2].

Analysts and investors are closely watching how these expansions and listings influence both the Bitcoin ecosystem and the broader capital markets. American Bitcoin’s integration of mining and accumulation strategies is seen as a unique value proposition, potentially offering scalable exposure to Bitcoin in a structured and efficient manner [1]. Meanwhile, HIVE’s progress in Paraguay underscores the role of renewable energy in reducing the environmental footprint of Bitcoin mining and enhancing its long-term viability [3]. As these companies continue to scale, their performance will serve as key indicators of investor sentiment and market confidence in the future of digital assets.

Source:

[1] American Bitcoin Debuts on Nasdaq as "ABTC" (https://www.prnewswire.com/news-releases/american-bitcoin-debuts-on-nasdaq-as-abtc-302544577.html)

[2] American Bitcoin listed on the Nasdaq (https://finance.yahoo.com/news/american-bitcoin-listed-on-the-nasdaq-141359159.html)

[3] HIVE Digital Technologies Completes Phase 2 of Its Yguazú Project in Paraguay (https://www.hivedigitaltechnologies.com/news/hive-digital-technologies-completes-phase-2-of-its-yguazu-project-in-paraguay-reaching-18-ehs-producing-8-bitcoin-per-day-from-hydroelectric-power/)