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Eric Trump Says American Bitcoin Mines Up to 13 BTC Daily at 49% Margins

Eric Trump Says American Bitcoin Mines Up to 13 BTC Daily at 49% Margins

BeInCryptoBeInCrypto2026/08/31 03:36
Eric Trump says American Bitcoin (ABTC) mines between 11 and 13 BTC daily at close to 49% gross margins, running nearly 90,000 miners. The companys own quarterly filings largely support those figures. Speaking on the Wolf Financial podcast, the co-founder and presidents son framed the output as proof of one of the sectors most efficient mining operations, months after a public dispute over the firms true production costs. Numbers Track With Recent Filings 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 companys treasury has grown to about 8,300 BTC as of late August, according to Trump. That is up from roughly 5,401 BTC at the end of 2025, continuing an accumulation strategy that has drawn comparisons to Strategy. It mined a record 932 BTC in the second quarter of 2026, its highest output yet. Gross margins that quarter landed near 49%, matching the figure Trump cited. Bitcoin (BTC) traded near $77,696 as of writing, up 0.49% over 24 hours. That gives the reserve a paper value above $600 million. A Disputed Cost Basis The margin claim follows a spring dispute over the firms true production costs. Forbes alleged American Bitcoins 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. Neither side has published a fully reconciled cost breakdown since. American Bitcoin markets its no-sale treasury policy as proof that mining bitcoin is cheaper than buying it outright. That claim hinges on which cost figure holds up.
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