Summary of this article
Eric Trump’s Bitcoin mining venture lost over $600 million as shares plunged sharply.
American Bitcoin faces investor shift towards AI infrastructure despite continuing Bitcoin mining strategy.
Company added Bitcoin holdings while reporting losses amid changing crypto market conditions.
As Bitcoin mining companies face a changing investment landscape, American Bitcoin – the mining venture linked to Donald Trump’s son, Eric Trump – has seen its value decline sharply. The shares of American Bitcoin have fallen more than 95 per cent from their peak, erasing more than $600 million from the market value of Eric Trump’s stake over the past 10 months.
Eric Trump owns around 6 per cent of American Bitcoin and serves as its chief strategy officer. The company’s decline comes amid changing investor preferences towards crypto businesses and the growing demand for AI-related infrastructure. The company has remained focused on Bitcoin mining even as the industry sees growing interest in artificial intelligence (AI) infrastructure.
Bitcoin Miners Shift Focus Towards AI
The Bitcoin mining sector has seen increasing interest in AI data centre opportunities as companies look to utilise their power capacity, land, and computing infrastructure. According to the report, US-based miners including Riot Platforms, Cipher Digital, MARA Holdings and TeraWulf have announced plans to expand into data centres.
However, American Bitcoin has continued with its Bitcoin mining strategy. Hut 8 provides the company with operational support, including power, hosting infrastructure and mining facilities, under exclusive service arrangements. The company’s assets include mining equipment and Bitcoin holdings.
The company later moved towards Bitcoin mining after receiving mining equipment from Hut 8 in exchange for an equity stake and an exclusive service agreement. The renamed American Bitcoin eventually began trading on Nasdaq after merging with Gryphon Digital Mining.
American Bitcoin’s predecessor, American Data Centers Inc., was initially created with a plan to build a portfolio of data centres. The venture was backed by Eric Trump and Donald Trump Jr.
While several mining companies are exploring AI opportunities, American Bitcoin has continued accumulating Bitcoin. The company has argued that Bitcoin itself could generate higher returns compared with shifting towards AI infrastructure.
American Bitcoin Sticks With Bitcoin-Focused Approach
According to Bloomberg, American Bitcoin continued buying Bitcoin and added another 500 Bitcoin recently. Eric Trump has said the company would not sell its Bitcoin holdings unless the situation was beyond catastrophic. Apparently, American Bitcoin posted a $118.20 million operating loss in the first quarter after marking down its Bitcoin treasury by $117.2 million.
Eric Trump has continued to express confidence in the crypto sector. At the Bitcoin Conference 2026 in Las Vegas, the US, he said that the industry is in the greatest period in the history of crypto and urged investors to hold on.
