Investment bank Siebert has reiterated its Buy rating on American Bitcoin, the Bitcoin mining company backed by the Trump family, according to a post on X from Bitcoin Treasuries. The firm set a price target of $40. Bitcoin Treasuries described Siebert as an investment bank with $20 billion in assets under management. In its view, American Bitcoin stands out for attractive mining economics. Siebert also said the company has room to double its hash rate over roughly the next 12 to 24 months. No additional details were provided in the source update beyond the rating, target price, and the bank’s assessment of the miner’s operating profile and expansion potential.
Siebert has reiterated its Buy rating on American Bitcoin, the Bitcoin mining company backed by the Trump family, with a price target of $40, according to a post on X by Bitcoin Treasuries.
Bitcoin Treasuries said Siebert is an investment bank with $20 billion in assets under management.
Siebert said American Bitcoin has attractive mining economics and room to double its hash rate over about the next 12 to 24 months.
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