Picture this: A bitcoin mining company tied to the Trump family flips a massive loss into a solid profit in just one quarter, all while the crypto world is in a frenzy. It’s the kind of turnaround that grabs your attention, especially in an industry as volatile as cryptocurrency. But here’s where it gets controversial – with Donald Trump Jr. and Eric Trump owning 20% of the shares, is this success purely business-driven, or does it come with extra political baggage? Stick around, because there’s a lot more to unpack, including some details most people overlook about how mining power and bitcoin holdings play into the bigger picture.
Let’s dive in. American Bitcoin (ABTC), headquartered in Miami and publicly traded since its merger with Gryphon Digital Mining and spin-off from Hut 8’s operations – where Hut 8 still holds about an 80% stake – has just released its third-quarter results. For beginners who might not be familiar, bitcoin mining involves using powerful computers to solve complex math problems that verify transactions on the blockchain, earning bitcoins as a reward. ABTC turned a $576,000 loss from the same period last year into a $3.47 million net income. That’s a complete reversal, and their revenue? It skyrocketed five times over to $64.2 million. According to the SEC filing, this growth came from ramping up mining capacity and operating as a standalone public company for the first time.
Now, you might be wondering what exactly drove this boom. The company expanded its mining power by about 2.5 times during the quarter, reaching 25 exahash per second (EH/s). For those new to this, an exahash is a mind-boggling unit of computing power – think of it as a way to measure how fast the network can process transactions. Their fleet also averaged 16.3 joules per terahash, which is a measure of energy efficiency (lower is better). On top of that, ABTC added 3,000 bitcoins to its holdings, bringing the total to 3,418 BTC, and now up to 4,004 as shared on X (formerly Twitter). To put that in perspective, each share corresponds to 432 satoshis – a satoshi is the tiniest unit of a bitcoin, like a penny to a dollar, representing one hundred millionth of a whole coin.
But here’s the part most people miss: While ABTC is celebrating these gains, its stock shares tumbled more than 13% in pre-market trading on November 14, 2025. Why? The price of bitcoin itself dropped about 7% in the last 24 hours, sitting at around $96,210.23 according to CoinDesk data. This highlights how closely tied a miner’s fortunes are to the cryptocurrency’s market price – when bitcoin dips, so do related stocks, even if the company’s fundamentals look strong. It’s a classic example of the crypto world’s inherent risks, where external factors like market sentiment can overshadow internal successes.
And this is the part that sparks debate: The Trump family connection. With Donald Trump Jr. and Eric Trump as 20% owners, some might argue it brings valuable networking or visibility to ABTC, potentially attracting more investors. Others could see it as a liability, especially in a polarized political climate where crypto regulations often heat up. Does this affiliation help or hurt in the long run? It’s a hot topic, with counterpoints flying around – supporters might say it’s just savvy business, while critics could point to potential conflicts of interest or ethical concerns. What are your thoughts on that?
Before we wrap up, a quick note on how this article was put together: Portions were assisted by AI tools, but our editorial team thoroughly reviewed everything to ensure it’s accurate and meets our ethical standards. For details, check out CoinDesk’s full AI Policy.
Speaking of related reads, here’s some more to chew on:
OwlTing: Building Stablecoin Infrastructure for Tomorrow
Dated October 16, 2025, this piece explores how stablecoin payment volumes have exploded to $19.4 billion so far this year. OwlTing is positioning itself to grab a piece of that pie by creating infrastructure that handles transactions in mere seconds for just pennies. It’s a fascinating look at how stablecoins – cryptocurrencies pegged to stable assets like the dollar – are revolutionizing payments, making them faster and cheaper than traditional methods. Imagine sending money across borders instantly without hefty fees – that’s the promise here. For the full scoop, dive into the report.
Tom Lee’s Ethereum Treasury Firm BitMine Immersion Names Chi Tsang as New CEO
Just an hour ago, news broke that Chi Tsang has taken over as CEO of BitMine Immersion, the firm led by Chairman Tom Lee and holding the title of the largest Ethereum treasury. Tsang steps in for Jonathan Bates, who guided the company from its bitcoin mining roots to its current focus on Ethereum treasury strategies. Key highlights include the appointment of three new board members from backgrounds in traditional finance, asset management, and law. Since pivoting to digital asset treasuries in July, BitMine has amassed 3.5 million ETH. This shift represents a broader trend in crypto, where companies are diversifying beyond mining into holding and managing digital assets as a hedge. Curious about the implications for Ethereum’s ecosystem? Read the full story to understand how these moves could shape the future of treasury management in the crypto space.
So, what do you think? Is ABTC’s Trump link a smart business move or a risky gamble? And how do you feel about the volatility in crypto affecting companies like this? Do you agree that political ties in finance can be a double-edged sword? Share your opinions, agreements, or disagreements in the comments – let’s start a conversation!