Eric Trump, co-founder of American Bitcoin Corp., led a virtual tour of the company's Texas mining site on Monday, November 25. In the video, shared on X, he emphasized that the large-scale facility runs exclusively on American energy and is based entirely on U.S. soil.
Trump claimed the enterprise mines roughly 2% of the global Bitcoin volume daily while ensuring robust asset security. He walked through a massive hall containing 35,000 servers, highlighting that all the equipment utilizes liquid cooling. He argued that this infrastructure visibly confirms that cryptocurrencies have a tangible physical foundation, directly challenging the common notion that they do not.
The crypto community immediately began to ridicule Trump’s claim regarding the mining share after the video's release. One commentator sarcastically suggested he must have been referring to 2% of the daily mining output, not the total global volume.
“How can you mine 2% of the total Bitcoin volume every day if 99% is already in circulation?” another user questioned.
Currently, approximately 450 BTC are generated daily on the network, and 2% of that quantity equals 9 BTC per day.
American Bitcoin, a subsidiary of Hut 8 Corp., acts as both a miner and a treasury company. Unlike many traditional treasury structures, American Bitcoin replenishes its balance solely through the output of its own mining facilities.
Read also:
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- Crypto, Faith, and a Bit of Satoshis: Confessions of an Unrepentant Noob
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