Trump-backed American Bitcoin jumps 14% to lead rally in mining stocks

Publicly traded bitcoin miner stocks advanced on Monday, tracking a renewed rally in crypto markets where Bitcoin topped $93,000. American Bitcoin Corp. (ABTC), which is backed by Eric and Donald Trump Jr., surged approximately 14% in early trading, pushing its stock above $2 for the first time in about a month. This follows a volatile late 2025 for ABTC, which had hit record lows in December after a post-merger lockup expiration, despite the company building its treasury to over 5,000 BTC. Other major miners also saw gains, including Canaan (up over 9%), Bitfarms (up over 8%), HIVE Digital Technologies (up over 7%), and Hut 8 (up over 6%), as many companies repositioned assets toward AI-focused data center development.

(Source：The Block)