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8,300 Bitcoin sits on American Bitcoin Corp's (Nasdaq: ABTC) balance sheet as the Trump-backed miner reaches its first anniversary on the Nasdaq.
Co-founder Eric Trump, writing on X on September 3, used the occasion to report that the fleet has grown to nearly 90,000 machines and delivered record quarterly production, with gross margins at the mining operation running close to 50%.
What the operating numbers show Trump described the one-year build as an outstanding year with a strong recent month, praising the team behind it.
A gross margin close to 50% at the mining level means roughly half of mining revenue flows through after direct costs. He called that figure evidence of disciplined execution.
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