American Bitcoin co-founder Eric Trump has announced plans to overhaul the Bitcoin mining process by cutting costs significantly

In his presentation at the Consensus 2025 event in Toronto, he announced plans to mine Bitcoin at a cost of $37,000 to $38,000 per coin.

American Bitcoin co-founder Eric Trump has announced plans to revolutionize the Bitcoin mining process with a strong focus on cutting costs, aiming for an unprecedented level of efficiency.

Speaking at the Consensus 2025 event in Toronto, Trump revealed that the company is aiming to mine Bitcoin at a cost of $37,000 to $38,000 per coin. He highlighted the company’s role as a frontrunner in the U.S. crypto mining scene.

Founded in March 2025 by Hut 8 Corp and backed by Eric Trump and his brother, Donald Trump Jr., American Bitcoin is preparing for a public listing. The company is planning to merge with another company and trade on the Nasdaq as ‘ABTC’ by the third quarter of 2025.

One of the key pillars of the U.S. strategy, according to Eric Trump, is the utilization of low-cost electricity.

“It’s a revolutionary thought: making something for a fraction of what people are willing to pay, and doing it with the most economical energy sources available to us. We’re going to be putting that capital to work in the U.S.,” stated Eric Trump.

The entity plans to capitalize on the surplus energy from fossil fuels that is now accessible in the United States.

Consequently, with more than one-third of the world’s hashing speed, the U.S. continues to be the primary venue for Bitcoin mining. The business plans to expand its mining infrastructure further to capitalize on the current boom in cryptocurrency mining.

Many analysts believe that the organization is making its purchases in the same way MicroStrategy has been. However, to be clear, the company is not investing in new-generation mining equipment like those from Bitmain or manufacturers in China. Instead, the focus is on assembling large-scale mining rigs to process Bitcoins at an unprecedented rate.

Despite rumors of the company pivoting to a Bitcoin investment strategy, Eric Trump asserted that American Bitcoin is focused on mining activities.

“We’re going to be mining more Bitcoin than anyone else in this bull market. They’re going to have to start a new company to mine more Bitcoin than us next year,” he remarked, adding that they are advancing quickly and broadly.

American Bitcoin's acquisition of Gryphon Digital Mining marks a significant step forward for the company. This all-stock deal will allow the company to generate funds which will be used to amplify its mining efforts.

The goal of this move, as stated by Eric Trump, is to create a platform that will be most appealing to Bitcoin investors.

To ensure the continuity and dependability of American Bitcoin, Hut 8 will remain the exclusive data center provider. Among the company's owners is also American Data Centers, which is linked to the Trump family.

The enlarged company is aiming to emerge as the largest publicly traded Bitcoin mining company worldwide, with its hash rate anticipated to be in the range of 18 exa hashes per second (EH/s) to 20 exa hashes per second (EH/s). For perspective, that would place it ahead of behemoths like Marathon Digital Holdings (NASDAQ:HDLM) and TeraWulf (NASDAQ:TWLF), which collectively achieved an estimated hash rate of 16 exa hashes per second (EH/s) to 17 exa hashes per second (EH/s) in the final quarter of 2024.

American Bitcoin is aligning itself with the U.S. administration's stance on facilitating crypto mining activities within the country. President Trump has expressed his aim to make the United States the preferred destination for cryptocurrency miners to relocate from China.

The administration's deregulation efforts to ease environmental controls should render energy costs more accessible for miners, which could factor into Bitcoin's potential for increased adoption in the U.S.

However, the cost-reduction goals are encountering several obstacles. Electricity consumption from Bitcoin mining may reach 2.3 percent of the U.S. power system, sparking concerns about the strain on the environment and power system.

Some experts are apprehensive that Bitcoin's contribution to carbon emissions could aggravate climate change, although the American Bitcoin Foundation has yet to comment on the issue. Despite the challenges, Eric Trump is optimistic about the project's success.

His aim is to acquire Bitcoin at an even faster rate than anyone else in the market. The adoption of highly affordable mining equipment will allow the company to reap substantial income as Bitcoin's price is expected to rise to $100,000 by May 2025.