Eric Trump's American Bitcoin Aims 65% Cost Cut in Mining

Eric Trump, co-founder of American Bitcoin, has unveiled an ambitious strategy to revolutionize Bitcoin mining by significantly reducing costs. At the Consensus 2025 event in Toronto, Trump announced plans to mine Bitcoin at a cost of $37,000 to $38,000 per coin, representing a 65% reduction in operational expenses. This initiative aims to set a new standard for efficiency in the Bitcoin mining industry.

American Bitcoin, established in March 2025 by Hut 8 Corp and backed by Eric Trump and his brother, Donald Trump Jr., is poised to go public through a merger with another company. The firm is expected to be listed on the Nasdaq under the ticker symbol ‘ABTC’ by the third quarter of 2025. This public listing is part of a broader strategy to expand the company's mining infrastructure and capitalize on the current boom in cryptocurrency mining.

A key component of American Bitcoin's strategy is the utilization of low-cost energy sources. Eric Trump emphasized the importance of leveraging inexpensive electricity to mine Bitcoin at a fraction of the current market cost. The company plans to take advantage of surplus energy produced from fossil fuels, which is abundant in the United States. This approach not only reduces operational costs but also positions American Bitcoin as a leader in efficient mining practices.

The United States, with over one-third of the world’s hashing speed, remains the premier destination for Bitcoin mining. American Bitcoin aims to capitalize on this advantage by expanding its mining operations and enhancing its infrastructure. The company's strategic acquisitions, such as Gryphon Digital Mining, are designed to raise funds and accelerate its mining efforts. Eric Trump highlighted that the goal is to create a platform that appeals to Bitcoin investors, ensuring reliability and uptime through partnerships with Hut 8 and American Data Centers, both affiliated with the Trump family.

American Bitcoin's strategy aligns with the pro-crypto mining stance of the current U.S. administration. President Trump has expressed support for making the United States the global hub for cryptocurrency mining activities. The administration's deregulation of environmental controls is expected to lower energy costs for miners, potentially increasing Bitcoin's usage in the country. However, the cost-reduction goals face challenges, including concerns about the environmental impact of Bitcoin mining. Some experts worry that the high electricity consumption and carbon emissions from mining could exacerbate climate change, although American Bitcoin has not yet addressed these issues publicly.

Despite these challenges, Eric Trump remains optimistic about the project's success. His goal is to acquire Bitcoin at a faster rate than any other market participant. By adopting affordable mining equipment, the company aims to generate substantial profits from Bitcoin's price increase to $100,000 in May 2025. This strategy underscores American Bitcoin's commitment to long-term investment in Bitcoin mining, rather than relying on short-term market fluctuations.