Eric Trump, son of the American president and fervent defender of crypto, took advantage of an interview with Wolf Financial to clarify his current projects. American Bitcoin is prominent among them. He delivered elements that shed light on the company’s strategy. However, the debate on production costs remains very present.
In brief
- American Bitcoin mined 932 BTC in the second quarter of 2026, its best result, thanks to a fleet of around 90,000 machines running at full capacity.
- Eric Trump announces gross margins of 49% and daily production of 11 to 13 BTC, with cash flow now reaching 8,300 BTC.
- Forbes disputes these figures, estimating the production cost at $90,000 per BTC compared to $57,000 claimed.
- Eric Trump defends his accumulation strategy and denounces “debanking” which pushed his family towards cryptos.
932 BTC in one quarter: American Bitcoin’s production record
The second quarter of 2026 will remain marked for American Bitcoin. The company mined 932 BTC, its highest level recorded to date. Its fleet of around 90,000 machines is running at full capacity. Eric Trump detailed the performance on the Wolf Financial podcast.
We are one of the largest miners in the world. We do this with gross margins of 49%.
Eric Trump, Wolf Financial.
The treasury now reaches 8,300 BTC, valued at over $600 million at the current price. Daily mining is between 11 and 13 BTC. Listed on Nasdaq under the ticker ABTC, the stock has gained around 50% in one month.
This movement coincided with bitcoin’s rise from $64,000 to over $80,000. The company emphasizes the efficiency of its mining operations. It also highlights the speed of bitcoin transactions, much higher than that of the traditional banking system.
The clash over mining production costs
These results However, they are contested. Forbes estimated that the cost of producing American Bitcoin would be closer to $90,000 per BTC. Eric Trump, for his part, puts forward a figure around $57,000. He called the report politically motivated.
The gap is significant. A margin of 49% according to management, a potentially much less favorable situation according to Forbes. Eric Trump highlights America’s energy advantage. “ It’s really a game about energy » insists Eric Trump.
The company uses low-cost electricity in Texas. He compares this situation to that of the United Kingdom, where the cost per bitcoin could reach $300,000. Forbes believes, however, that some indirect costs, such as maintenance and personnel, could be undervalued.
Neither side has released a detailed breakdown since. Doubt about the real profitability of mining therefore persists.
The accumulation strategy through bitcoin mining
American Bitcoin’s strategy is based on a clear idea. Mine bitcoin at a cost lower than the market price.
We mine every day. It’s really a game about energy.
Eric Trump, Wolf Financial.
The company has 28.1 EH/s of computing power. Its efficiency is 16 joules per terahash. The machines operate without interruption. Eric Trump reminds us: they never stop, 24 hours a day, 7 days a week.
Revenue for the fourth quarter of 2025 reached $185.2 million, well above expectations. However, if the production cost actually approaches $90,000, the accumulation bet becomes riskier.
A lasting decline in bitcoin would further expose the company. Mining remains at the heart of the model. This is an arbitrage on energy as much as a pure production of BTC.
Debanking as a trigger for crypto engagement
Eric Trump’s involvement in crypto originated in a personal experience. Capital One closed 300 Trump family bank accounts overnight. He describes this episode as “debanking”. He sees a parallel with the difficulties encountered by the crypto community.
This situation pushed him to defend a more open system. He believes that the big banks will have no choice in the face of current developments. He sees stablecoins as the future rails of finance. He also calls on the crypto industry to be more professional.
The user experience must improve. He compares the adoption of bitcoin to that of the Internet in the 1990s. According to him, the best is yet to come. American mining, with its energy advantages, is part of this broader vision.
Key figures of the file
- BTC price at time of writing: $78,133
- Daily production of American Bitcoin: 11 to 13 BTC
- Gross margin announced by Eric Trump: 49%
- Company BTC cash: 8,300 BTC
- Cost of production according to Forbes: $90,000 per BTC
American Bitcoin posts production records, but debate over costs remains. Meanwhile, Michael Saylor, more of a buyer than a miner, appears to be back on the field. He recently hinted at a possible return to bitcoin acquisitions. The accumulation continues in different forms.
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