Bitcoin Miner American Bitcoin Actions (ABTC) I have fallen below its initial PAHO price after falling 15% on Thursday, the day after its Nasdaq debut.
ABTC quoted at $ 6.83 per share, below its OPO price of $ 6.90.
The company, which is the property of 80% of HUT 8 and 20% of Donald Trump Jr. and Eric Trump, opened to operate on Wednesday after completing its fusion with Gryphon Digital Mining (Gryp). On the same day, the company requested a capital increase in the market of up to $ 2.1 billion, with which it plans to continue building its Bitcoin holdings.
The shares rose to a maximum of $ 14.65 during the morning hours of the United States before falling sharply in the afternoon. Other miners, including Digital Marathon (Mara) and riot platforms (RIOT)They are also quoting more under the day.
Similarly, Bitcoin He slipped 2% in the last 24 hours, moving in step with the broader cryptographic market, while the indices of US shares such as Nasdaq and S&P 500 are operated higher.
American Bitcoin, which has around 2,443 bitcoin worth around $ 269 million at its current price of $ 110,128, Bitcoin mining with a treasure strategy focused on maintaining the asset.
Bitcoin mining has become a brutally competitive industry where survival depends on thin razors and constant adaptation. Energy costs eat half or more of the income of each extracted currency, while the relentless expansion of the network’s computer power increases the difficulty and squeezes the profitability even more.
Hardware manufacturers such as Bitmain continue to flood the market with new platforms, adding pressure even when demand slows down. As a result, miners must ensure ultra cheap energy, maintain efficient operations and diversify more and more in areas such as AI computing or data centers only to stay at the forefront.
By storing BTC in the open market, companies can benefit when prices increase, creating a financial mattress that helps soften strong changes in income only due to mining.
Bitcoin Minerhon Digital (Mara) Use a similar strategy. The company’s shares have dropped 3% in the last 24 hours.
