4 months ago
Eric Trump, co-founder and chief strategy officer of American Bitcoin, center, at the Nasdaq MarketSite in New York on Tuesday.
Photographer: Victor J. Blue/BloombergSeptember 18, 2025 at 9:20 PM UTC
David Pan looks at the real calculations behind a Trump-related Bitcoin miner’s stock-market valuation.
By the numbers at first blush, American Bitcoin doesn’t look like an obvious candidate for the top ranks of US-listed crypto miners. It runs less computing power than MARA Holdings, holds fewer coins than CleanSpark, and lags both in operational scale.
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