According to reports from Wolf Financial podcast, Eric Trump claims American Bitcoin mines between 11 and 13 BTC daily at close to 49% gross margins, running nearly 90,000 miners. The co-founder and president's son framed these output figures as proof of one of the sector's most efficient mining operations. The company's own quarterly filings largely support these production figures, providing backing for Trump's claims. Speaking on the Wolf Financial podcast, Trump emphasized these figures as evidence of the company's operational efficiency.
As reported by Wolf Financial, American Bitcoin's treasury has grown to approximately 8,300 BTC as of late August, up from roughly 5,401 BTC at the end of 2025. The company mined a record 932 BTC in the second quarter of 2026, representing its highest output yet. With Bitcoin trading near $77,696, the reserve has a paper value above $600 million. The company's gross margins in Q2 2026 landed near 49%, matching the figure Trump cited. Bitcoin was trading 0.49% higher over 24 hours as of the latest reporting period.
According to reports, American Bitcoin was founded in 2025 by Eric Trump and Donald Trump Jr. The venture merged with Gryphon Digital Mining to list on the Nasdaq under the ticker ABTC in September 2025. Hut 8 Corp, which backed the venture, remains the majority owner. The company markets its no-sale treasury policy as proof that mining bitcoin is cheaper than buying it outright, continuing an accumulation strategy that has drawn comparisons to similar approaches in the industry.
As reported by Wolf Financial, the margin claim follows a spring dispute over the firm's true production costs. Forbes alleged American Bitcoin's all-in cost ran closer to $90,000 per coin, above the roughly $57,000 figure Trump has repeated. Trump rejected the report as politically motivated, with neither side publishing a fully reconciled cost breakdown since the dispute. The company's claim that mining bitcoin is cheaper than buying it outright hinges on which cost figure proves more accurate, with the current margin claims supporting the lower-cost position.
