American Bitcoin Corp.

American Bitcoin was founded in March 2025 by Eric Trump, Donald Trump Jr., and shareholders of their former venture, American Data Centers. Plans for the venture emerged in late 2024 when Hut 8 executives met Eric Trump at the Trump National Golf Club in Jupiter, Florida. Between April and May 31, 2025, the company mined 215 bitcoin and reported it had raised $220 million by July 1, 2025 to fund mining equipment and a strategic bitcoin reserve. Matt Prusak was appointed as the company's first President in 2025.

On 12 May 2025, it was announced that public company Gryphon Digital Mining would merge with American Bitcoin in an all-stock transaction, with the new entity retaining the American Bitcoin name. Shares of Gryphon climbed 285% to $2.00 on the announcement. On September 3, 2025, American Bitcoin began trading on the Nasdaq Global Select Market after a merger with Gryphon Digital Mining.