American Bitcoin said it now controls more than 7,000 BTC, runs nearly 90,000 mining machines, and has reached a total capacity of 28 EH/s. Launched in 2023, the company moved onto Nasdaq in a relatively short period and has kept expanding both its mining footprint and its digital asset reserves.
Quarterly revenue reached $78.3 million as Bitcoin reserves climbed 58%
Financial figures shared by Eric Trump show that American Bitcoin generated $78.3 million in revenue during the fourth quarter, a 22% increase from the previous quarter. Over the same period, the company’s Bitcoin holdings rose 58%. The disclosure also said mining costs were kept below the industry average. Eric Trump stated that the company increased mining output and its digital asset portfolio while strengthening its balance sheet.
The update fits a broader pattern across listed mining firms. Public miners on exchanges such as Nasdaq have been pushing to expand machine fleets and hashpower while also building long-term Bitcoin treasuries. At its current scale, American Bitcoin has become one of the more visible public companies in the mining sector.
Small headcount draws scrutiny over how the business is structured
Forbes questioned the company’s relatively small workforce given the size of its operations. Public records and filings indicate that American Bitcoin employs a limited number of full-time staff. Named leadership includes CEO Mike Ho, president Matt Prusak, board chairman Asher Genoot, and several independent board members.
Questions have also focused on the company’s energy sources and infrastructure setup. Eric Trump said operations rely on domestically sourced US energy. The report notes that crypto mining companies often use outsourced services and hosting agreements for infrastructure and efficiency, allowing them to maintain large-scale output with lean internal teams. That gap between workforce size and operational scale is a recurring subject across the mining industry.
Trump family crypto ties keep the company under watch
Interest in American Bitcoin has also been driven by the Trump family’s links to the crypto sector. Other projects connected to the family have recently faced scrutiny over transparency, governance, and legal process.
The report also referenced a recent lawsuit filed by Tron founder Justin Sun against World Liberty Financial, a business alleged to have Trump ties. The case involved claims over token control and access to digital assets, while sources close to the company rejected those accusations. Eric Trump dismissed the criticism and legal action as baseless. Even with those disputes in the background, American Bitcoin’s disclosed strategy remains the same: expand mining capacity and grow its Bitcoin reserves.