American Bitcoin, a crypto mining venture linked to the Trump family, has successfully raised $220 million for its Bitcoin (BTC) mining operation. The funds were raised with private funding aimed at accelerating digital asset mining in the United States of America. This information was revealed to the public after a regulatory filing was submitted on Monday.

The funds were received through a private share issuance on Friday. Approximately $10 million of the investment was made directly into Bitcoin by the company. It is one of the largest crypto-mining investments that is linked to a political figure. This capital injection in the American Bitcoin’s crypto mining project highlights the growing influence of the Trump family on the digital asset landscape.

American Bitcoin Receives $220 Million Investment

Eric Trump, son of U.S. President Donald Trump, is one of the key backers of the company. He plays an important role in funding efforts and the company’s investment direction. American Bitcoin has a strategic partnership with Hut 8 Corp, a well-known name in the crypto-mining industry. As part of their collaboration, Hut 8 has already transferred its mining equipment to the American Bitcoin company in exchange for an 80% ownership stake in the company.

American Bitcoin deepens the involvement of the Trump family in the crypto industry. Donald Trump Jr. and Eric Trump both have explored different blockchain initiatives in recent years. They are following the path paved by their father, Donald Trump, who actively promotes a deregulated crypto industry and is the biggest advocate for making the U.S. a global hub for digital assets.

They company evolved from a newly established unit within a Trump-advised investment bank. It now aims to become a public entity by merging with Gryphon Digital Mining Inc., a deal that would give the firm access to broader capital markets and institutional investors, aligning it with other publicly traded crypto companies.

At the heart of American Bitcoin’s business model is Bitcoin mining, a computationally intensive process that secures blockchain transactions and earns rewards in the form of new Bitcoin. While the process has drawn criticism for its significant energy consumption, it remains a central pillar of the Bitcoin ecosystem.

The $220 million raised will likely be used to scale mining operations, invest in next-generation mining equipment, and secure long-term energy resources, potentially positioning American Bitcoin as a major player in North America’s mining sector.

Despite the attention surrounding the deal, representatives from Hut 8 Corp declined to comment on the funding round or its long-term plans for American Bitcoin. The firm was officially launched in March 2025 by Eric Trump in partnership with Hut 8, signaling a calculated and ambitious push into the digital asset infrastructure space.

With regulatory environments tightening in some regions and the 2024 Bitcoin halving already reshaping mining economics, American Bitcoin’s timing appears to be both bold and strategic. If successful, the Trump-backed initiative could reshape the political and financial optics of crypto mining in the U.S. and abroad.

Sign up on Coinflare and deposit 100 USDT or more to receive a 50 USDT futures bonus. New users can claim up to 5,100 USDT in rewards.