American Bitcoin mines 2-3% of global Bitcoin network with 28 EH/s hashrate

American Bitcoin Corp, backed by Eric Trump and Donald Trump Jr., has rapidly scaled into a significant Bitcoin mining operator, now representing about 2-3% of global Bitcoin production with 28.1 EH/s of hashrate. The company mined 817 BTC in Q1 2026, expanded with 11,298 new ASIC machines, and held roughly 4,004 BTC by late 2025, worth about $415M at the time. Its Nasdaq listing under ABTC and consolidation through the Hut 8/Gryphon merger highlight the sector’s ongoing mining industry consolidation and the impact of the 2024 halving on miner economics. The article also notes that US miners control 35-38% of global hashrate, underscoring the competitive landscape and the importance of low-cost energy partnerships for profitability.