Snapshot from Jul 27, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / American Bitcoin shares slump 95%
Business stock decline

American Bitcoin shares slump 95%

Analysis based on 7 articles · First reported Jul 09, 2026 · Last updated Jul 10, 2026

Sentiment
-60
Attention
4
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

American Bitcoin's decline highlights the market's shift away from crypto pure-plays toward miners with AI data center optionality. Competitors like Riot Platforms and Hut 8 have seen share gains, while American Bitcoin's focus on Bitcoin mining has led to severe underperformance.

cryptocurrency bitcoin mining data centers
Event Summary

American Bitcoin, co-founded by Eric Trump, has seen its shares slump more than 95% from their peak, erasing over $600 million from Eric Trump's stake. The company stuck with a Bitcoin-mining strategy while competitors pivoted to AI data centers. It executed a 1-for-15 reverse stock split to maintain its Nasdaq listing and posted a $118.2 million operating loss in Q1. Despite the downturn, American Bitcoin continues to accumulate Bitcoin, adding 500 tokens on Monday. The stock hit an all-time low on Wednesday.

Key Actions
90 Eric Trump lost over $600 million
70 Hut 8 Mining shares more than doubled
50 Riot Platforms announced AI data center deals
50 Cipher Mining announced AI data center deals
50 MARA Holdings announced AI data center deals
50 TeraWulf announced AI data center deals
40 MicroStrategy outlined plans to sell Bitcoin Bitcoin
Entities Involved
per
Eric Trump
Lost over $600 million from his stake; serves as chief strategy officer.
Importance 80.0 Sentiment -80.0
crypto
Bitcoin
Bear market contributed to American Bitcoin's decline; company continues to buy.
Importance 70.0 Sentiment -50.0
stock
Hut 8 Mining
Majority owner of American Bitcoin; provides mining operations; shares more than doubled on AI pivot.
Importance 60.0 Sentiment 70.0
per
Donald Trump
Reported $1.4 billion in crypto earnings; family investments affected.
Importance 30.0 Sentiment -30.0
stock
Riot Platforms
Announced AI data center deals; shares up over 60%.
Importance 30.0 Sentiment 60.0
priv
MicroStrategy
Outlined plans to sell some Bitcoin; largest corporate holder.
Importance 30.0 Sentiment -40.0
exch
Nasdaq
American Bitcoin executed reverse stock split to maintain listing.
Importance 20.0 Sentiment 0.0
priv
American Bitcoin
Reverse-merged with American Bitcoin to take it public.
Importance 20.0 Sentiment 0.0
stock
Cipher Mining
Announced AI data center deals; shares up.
Importance 20.0 Sentiment 60.0
stock
MARA Holdings
Announced AI data center deals; shares up.
Importance 20.0 Sentiment 60.0
stock
TeraWulf
Announced AI data center deals; shares up.
Importance 20.0 Sentiment 60.0
per
Michael J. Saylor
MicroStrategy chairman; company outlined Bitcoin sale plans.
Importance 20.0 Sentiment -30.0
priv
Dominari Holdings
Investment bank that set up North American Data Centers and Power Ltd.
Importance 10.0 Sentiment 0.0
priv
North American Data Centers and Power Ltd.
Predecessor company that pivoted to Bitcoin mining.
Importance 10.0 Sentiment 0.0
priv
The Trump Organization
Did not respond to comment; associated with Eric Trump.
Importance 10.0 Sentiment -20.0
+ 5 more entities View on Dashboard
Relationships
Eric Trump related ↔ Donald Trump
Bitcoin related ↔ Donald Trump
Bitcoin related ↔ MicroStrategy
Bitcoin related ↔ MARA Holdings
Donald Trump related ↔ Nasdaq
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