TechFlow news, June 10 — According to Cointelegraph, American Bitcoin (ABTC), a bitcoin mining company backed by Eric Trump and Donald Trump Jr., has accumulated 215 BTC worth over $23 million since its founding in April this year. In filings submitted to the U.S. SEC, ABTC stated that bitcoin reserves are its core strategic asset, and its accumulation strategy will be continuously adjusted according to market conditions with the goal of long-term holding. ABTC plans to go public through a merger with Gryphon Digital Mining, and Eric Trump will join the board of directors. The company currently operates over 60,000 mining rigs across Hut 8-managed facilities in New York, Alberta, and Texas, achieving a computing power of 10.17 EH/s.
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