"According to an investor presentation, American Bitcoin has a three-pronged strategy to provide leadership in the U.S. bitcoin industry: Mine bitcoin. That is, the classic giant data centers that have generated so much discussion. Accumulate bitcoin. The company plans to use its capital efficient access to the public markets to buy bitcoin as well as mine it, which makes it a partial digital-asset treasury firm. It's already started buying."
"This could mean entering into some sort of software as a service play, offering a way for lots of smaller miners to enhance their efficiency. The big picture: The Trumps are entering the industry as competition has gotten fierce. The collective computing power that miners are throwing at the Bitcoin network has never been higher. Energy prices are costly and transaction fees are low."
American Bitcoin began public trading after merging with a small-cap bitcoin miner, opening around $8, spiking to $13, and settling under $10 before trading near $6.35. The company pursues a three-pronged strategy: mine bitcoin with large data centers, accumulate bitcoin using public-market access as a partial digital-asset treasury, and amplify value through brand, audience and treasury. The firm plans to build platforms and may offer software-as-a-service to improve smaller miners' efficiency. The mining sector faces fierce competition, high collective hashing power, costly energy, and low transaction fees, making energy deals—potentially including nuclear—strategically important.
Read at Axios
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