Eric Trump, co-founder of American Bitcoin Corp, shared a video tour of the company’s Bitcoin mining facility in Texas on Monday. The video revealed the operational infrastructure behind the company’s Bitcoin mining activities.
In the footage posted on X, Trump guided viewers through the facility, emphasizing its use of domestic energy resources. He stated that the operation mines approximately 2% of the world’s daily Bitcoin supply. The facility runs 35,000 servers equipped with liquid-cooling systems.
Community Clarifies Mining Output Claims
Several users on X questioned Trump’s claim of mining 2% of the global Bitcoin supply. Industry experts pointed out that this figure likely refers to 2% of the daily mined supply rather than the total Bitcoin network.
Currently, following the April 2024 halving event, around 450 BTC are mined across the entire network each day. At 2% of that daily output, American Bitcoin would mine roughly 9 BTC per day. Trump described the facility as “living proof” of cryptocurrency’s tangible nature.
American Bitcoin operates as a hybrid mining and treasury company. The firm is majority-owned by Hut 8 Corp. (NASDAQ: HUT) and implements its own Bitcoin reserve strategy. According to Bitcointreasuries, American Bitcoin currently holds 4,004 BTC, valued at approximately $352 million.
Unlike pure treasury companies, American Bitcoin generates new Bitcoin through mining operations rather than exclusively purchasing coins on the open market. The Texas facility uses renewable energy sources to power its mining equipment, Trump said in the video.
Trump Maintains Bullish Bitcoin Stance
The facility tour comes after Trump made several public statements supporting Bitcoin. Last week, he encouraged investors to buy Bitcoin at current price levels and reiterated his long-term prediction of $1 million per Bitcoin.
Texas has increasingly become a major hub for Bitcoin mining operations due to its deregulated energy market and access to renewable power sources. The state’s energy infrastructure allows mining facilities to utilize excess capacity during peak production periods.
The video also offered a close look at the physical hardware required for Bitcoin mining. Trump emphasized that the facility operates on U.S. soil using domestic energy resources. The company continues to grow its Bitcoin holdings through both mining rewards and acquisitions.
