Donald Trump's son's Bitcoin mining company American Bitcoin (ABTC.US) has doubled its computing power.

American Bitcoin (ABTC.US) announced on Thursday that it has achieved a computing power of about 14 EH/s by purchasing and deploying approximately 16,300 ASIC servers. This has allowed the company's total computing power to increase from around 10 EH/s to about 24 EH/s. As of September 1, 2025, the average computing power efficiency is 16.4 J/TH. American Bitcoin is a Bitcoin mining company co-founded by Donald Trump's two sons, Eric and Donald Trump Jr. In early trading on Wednesday, the company's stock price surged 100% at one point and eventually closed up 16.5%. This was American Bitcoin's first day of trading after the reverse merger with Gryphon Digital Mining. Chairman of the Board of American Bitcoin, Asher Genoot, stated: "We are rapidly implementing a differentiated dual strategy to increase the value of each share of Bitcoin. In the second quarter of 2025, our cost to mine each Bitcoin is approximately 50% of the revenue per Bitcoin." The purchased mining machines are deployed in the 205 MW Vega+ data center developed and operated by Hut 8 (HUT.US). Hut 8 is a SES AI Corporation Class A infrastructure platform and is also the exclusive infrastructure supplier for American Bitcoin. During his campaign, Trump became a well-known supporter of cryptocurrencies and during his tenure, he became one of the most influential advocates for the industry. He signed bills to promote the legalization of specific cryptocurrencies, established a national virtual asset reserve, appointed more industry-friendly regulatory officials, and halted investigations into several large digital asset companies. Trump accumulated a massive fortune in the fields of cryptocurrencies and others, but these businesses also benefited from changes in U.S. policies during his administration, which led to criticism.