A single company, backed by two members of the Trump family, now accounts for roughly 2-3% of all Bitcoin mined on the planet. American Bitcoin Corp has reached a hashrate of 28.1 EH/s as of April 2026, making it one of the more notable pure-play mining operations in an industry that’s rapidly consolidating.
To put that in context: the entire global Bitcoin network hums along at somewhere between 950 and 1,000 EH/s. The company reported mining 817 BTC in Q1 2026 alone, a record quarter. The company recently deployed 11,298 new ASIC machines at its facility in Drumheller, Alberta, pushing its operational capacity to its current level.
From subsidiary to Nasdaq in record time
American Bitcoin Corp didn’t exist before 2025. It was born as a subsidiary of Hut 8, one of North America’s larger publicly traded mining firms, before merging with Gryphon Digital Mining. The combined entity eventually listed on the Nasdaq under the ticker ABTC.
Eric Trump and Donald Trump Jr. are both backers of the venture. Eric Trump has publicly stated that the firm accounts for about 2% of daily Bitcoin output, a claim that aligns with the hashrate data.
