American Bitcoin (ABTC), founded in 2025 by Eric Trump and Donald Trump Jr., is producing 11 to 13 BTC daily while operating nearly 90,000 mining machines, Eric Trump said on the Wolf Financial podcast. The company reported gross margins of about 49% in the second quarter and mined a record 932 BTC during the period. Its treasury held roughly 8,300 BTC in late August, up from about 5,401 BTC at the end of 2025, after the company retained mined Bitcoin rather than selling it. At a Bitcoin price near $77,696, the reserve was worth more than $600 million on paper. American Bitcoin merged with Gryphon Digital Mining and began trading on Nasdaq under ABTC in September 2025. Hut 8 Corp, an early backer, remains its largest shareholder. The company’s mining costs remain disputed: Eric Trump has cited about $57,000 per BTC, while a Forbes analysis put the all-in cost closer to $90,000 after including depreciation, administrative expenses and financing costs. Neither side has released a fully reconciled breakdown, leaving questions about the profitability of the company’s no-sale treasury strategy and highlighting broader challenges in comparing mining costs across the industry.