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AMERICAN BITCOIN Building America’s Bitcoin Infrastructure Backbone AUGUST 2026
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of United States and other applicable securities laws. All statements, other than statements of historical fact, in this presentation that address activities, events or developments that American Bitcoin Corp. or any of its affiliates (“ABTC”, “American Bitcoin” or the “Company”) expect or anticipate will or may occur in the future, including but not limited to statements relating to the Company's business strategy, plans, and objectives; the Company's mining operations, hashrate growth, and operational efficiency targets, and cost to mine per Bitcoin; the broad adoption of Bitcoin; the Company's fleet expansion plans; the Company's Bitcoin accumulation strategy and the development of its Bitcoin reserve; the Company's Satoshis per share growth and ability to grow its Bitcoin holdings on an accretive per-share basis; the Company's use of capital market mechanisms, including its at-the-market offering, to fund Bitcoin acquisition and accelerate Bitcoin-per-share growth; the Company's ability to capitalize on equity market premiums to fund Bitcoin acquisition at a favorable cost of capital; the Company's ability to produce Bitcoin at below-market cost and maintain a low-cost operating structure; the Company's partnership with Hut 8 and the expected operational, infrastructure, energy, asset-light deployment, and future site expansion benefits thereof, including access to Hut 8's energy development pipeline; the Company's plans to develop an integrated, full-stack Bitcoin ecosystem platform and to expand service capabilities to provide trusted Bitcoin access and simplified ecosystem products to consumers and investors; the Company's three-layer business model comprising an operational mining foundation (Layer 1), a Bitcoin accumulation and treasury strategy (Layer 2), and an ecosystem amplification platform (Layer 3), and the anticipated benefits of each layer; the Company's strategy to vertically integrate historically segmented aspects of the Bitcoin value chain; the Company's plans to establish itself as America's Bitcoin Infrastructure Backbone and to become the category leader within the Bitcoin ecosystem; the Company's ability to leverage its brand identity, co-founder network, and media presence to drive capital access, investor awareness, and ecosystem growth; the Company's expectations regarding its competitive position and ability to achieve sector leadership in the Bitcoin ecosystem; and the anticipated benefits of the Company's layered business strategy are forward-looking statements. When used in this presentation, the words “may”, “will”, “would”, “should”, “could”, “expects”, “trends”, “indications”, “estimates”, “anticipated”, “predictive”, “likely”, “looking to”, “potential”, or the negative or other variations of these words, or other similar or comparable words or phrases suggesting future events or outcomes, are typically intended to identify forward-looking statements. Forward-looking statements contained in this presentation reflect the Company’s current expectations and are subject to uncertainty and changes in circumstances that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are based on estimates and assumptions made by management based on management’s knowledge, experience, and perception of historical trends, current conditions and expected future developments, as well as other factors that management believes are appropriate in the circumstances. Although the Company’s management believes that the assumptions made and the expectations represented by such statements are reasonable, including information and assumptions about the market, there can be no assurance that the forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward-looking statements. Many factors could cause the Company’s actual results, performance or achievements, or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the following factors: the competition from current and future competitors; risks related to the Company’s partnerships and material contracts; risks related to the Company’s ability to scale its operations and Bitcoin reserve; failure of critical systems; geopolitical, social, economic, and other events and circumstances; cybersecurity threats and breaches; hazards and operational risks; dependence on key personnel; having a limited operating history; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; failing to grow hashrate; purchasing miners; relying on third- party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov. All of the forward-looking statements included in this presentation are qualified by these cautionary statements. These factors are not intended to represent a complete list of the factors that could impact the Company, and other factors and risks could impact actual results, performance and achievements; however, these factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this presentation as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, projected or targeted and such forward-looking statements included in this presentation should not be unduly relied upon. The impact of any one assumption, risk, uncertainty or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company’s future decisions and actions will depend on management’s assessment of all information at the relevant time. The forward-looking statements contained in this presentation are made as of the date of this presentation, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. NO OFFER OR SOLICITATION This presentation is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or thesolicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”) or in a transaction exempt from the registration requirements of the Securities Act. THIRD PARTY INFORMATION This presentation includes market and industry data which was obtained from various publicly available sources and other sources believed by the Company to be true. Although the Company believes it to be reliable, it has not independently verified any of the data from third party sources referred to in this presentation or analyzed or verified the underlying reports relied upon or referred to by such sources, or ascertained the underlying assumptions relied upon by such sources. The Company does not make any representation as to the accuracy of such information. NOTICE REGARDING LOGOS AND TRADEMARKS All logos, trademarks, and brand names used throughout this presentation belong to their respective owners. 2AMERICAN BITCOIN
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3AMERICAN BITCOIN Crypto is the future. America must lead the way. American Bitcoin will set the standard. ERIC TRUMP AMERICAN BITCOIN CO-FOUNDER & CHIEF STRATEGY OFFICER OF AMERICAN BITCOIN
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4AMERICAN BITCOIN MISSION VISION MODEL CORE OBJECTIVES DESIRED FUTURE MINE EFFICIENTLY. BUILD RESERVE. LEAD ECOSYSTEM. Achieve top-tier scale, producing Bitcoin below market cost OUR OBJECTIVE Build America’s Bitcoin Infrastructure Backbone Maximize Bitcoin accumulation via operations & capital markets access Become the trusted platform unifying the American Bitcoin ecosystem ▪ Capital-Light Mining Strategy Maintain an asset-light approach using high-efficiency ASICs Leverage Hut 8 partnership for infrastructure, operations, and power Prioritize resource allocation to core growth by maintaining lean SG&A and tightly controlled corporate overhead PROVEN CAPABILITY Leverage Hut 8's energy advantagefor rapid execution with a proven team Offer public markets exposure to strategic, long-term Bitcoin holdings Utilize unique American Bitcoin identity and co-founder network for significant market visibility and liquidity 4 ▪ Strategic Infra Partnership ▪ Lean Operational Approach ▪ Achieve Mining Leadership ▪ Enhanced BTC Exposure ▪ Fuel Brand & Reach▪ Lead Bitcoin Ecosystem ▪ Build Bitcoin Reserve ▪ Mine Bitcoin Efficiently AMERICAN BITCOIN ASPIRES TO BECOME A CATEGORY LEADER IN THE BITCOIN ECOSYSTEM
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5AMERICAN BITCOIN Why Now? Why Us? THE MARKET GAP ABTC IS POSITIONING ITSELF TO ASSUME SECTOR LEADERSHIP THE ABTC ADVANTAGE Leadership Vacuum Fragmented Ecosystem Hut 8 Operational Engine Strategic Reach BITCOIN LACKS CLEAR U.S. LEADERSHIP AND ECOSYSTEM COHESION, CREATING AN OPPORTUNITY TO UNIFY AND LEAD Core Bitcoin services remain disjointed and complex for many. Everyday Americans seek trusted, lower - cost Bitcoin ecosystem access and drive demand for a unified platform We believe Bitcoin’s ~$1.2T+ ecosystem 1 lacks a focused, trusted American leader to provide guidance through its complex landscape. Existing players often struggle with inefficiency or diluted strategy, creating a clear opening for ABTC ABTC CAN LEVERAGE ITS UNIQUE OPERATIONAL POWER AND TRUSTED BRAND REACH TO CUT THROUGH THE MARKET'S COMPLEXITY AND DELIVER SIMPLIFIED, RELIABLE BITCOIN ACCESS FOR AMERICANS ABTC leverages the powerful American Bitcoin brand, network, and team for significant built-in audience reach, media attention, and platform visibility ABTC harnesses Hut 8’s proven acumen in rapid site deployment, powered by a low -cost U.S. energy pipeline for significant scale & speed-to-market MARKET CONTEXT Why Now? Why Us? Seizing the American Bitcoin Opportunity MARKET FRAGMENTATION COMBINED WITH ABTC’S EXPECTED ADVANTAGES, ENABLES A PATH TO ESTABLISH MARKET LEADERSHIP Source: 1. CoinMarketCap as of June 30, 2026
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6AMERICAN BITCOIN TEAM Expert Operators: Purpose-Built to Execute Layered Strategy THE EXPERTISE TO EXECUTE ACROSS MINING (LAYER 1), TREASURY (LAYER 2), AND THE BITCOIN ECOSYSTEM (LAYER 3) ▪ Executive Vice President of the Trump Organization ▪ Co-founder of World Liberty ($WLFI) ▪ Chief Strategy Officer of Hut 8 (NASDAQ & TSX: HUT) ▪ Co-founder of US Bitcoin Corp. (merged with Hut 8) ▪ Pioneer in institutional Bitcoin mining since 2012 ▪ Chief Executive Officer of Hut 8 (NASDAQ & TSX: HUT) ▪ Amongst the youngest CEOs of publicly traded companies globally ▪ Co-founder of US Bitcoin Corp. (merged with Hut 8) ▪ Forbes 30 under 30: Energy Asher Genoot EXECUTIVE CHAIRMAN Eric Trump CO-FOUNDER & CSO Paul Sacks INTERIM CFO & HEAD OF DERIVATIVES Mike Ho CEO & DIRECTOR ▪ Co-Head of Digital Exotics at BlockFills ▪ Co-Founder and Managing Member of Digital Gamma (acquired) Donald Trump Jr. STRATEGIC ADVISOR ▪ Executive Vice President of the Trump Organization ▪ Advisory Board of Dominari Holdings (NASDAQ: DOMH)
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7AMERICAN BITCOIN AMERICAN BITCOIN From Zero To Over 8,000 Bitcoin in 15 Months ABTC'S BITCOIN RESERVE AND SATOSHIS-PER-SHARE GROWTH, MILESTONE BY MILESTONE, SINCE LAUNCH ON MARCH 31, 2025 Note: Satoshis Per Share ("SPS"), a metric that represents the amount of Bitcoin attributable to each outstanding share of the Company's common stock. SPS is calculated by multiplying the Company's total Bitcoin holdings by the Satoshi conversion rate (1 Bitcoin equals 100,000,000 Satoshis), then dividing that total by the number of shares of the Company's common stock outstanding as of the measurement date. Number of common shares issued and outstanding before the merger of American Bitcoin and Gryphon Digital Mining, Inc. on September 3, 2025 (the “Merger”) have been adjusted to reflect the Merger exchange ratio of ~14.4995. Number of common shares issued and outstanding reflect a 1-for-15 reverse stock split effected on July 2, 2026. Number of Bitcoin have been rounded to the nearest whole number. Includes Bitcoin pledged for miner purchases under agreements with BITMAIN. Rankings of publicly traded Bitcoin treasury companies sourced from third-party information from bitcointreasuries.net as of September 3, 2025, December 31, 2025, and June 30, 2026, respectively.
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8AMERICAN BITCOIN AMERICAN BITCOIN ABTC is a Full Stack Bitcoin Play Layer 1 - Operational Foundation Layer 2 - Bitcoin Accumulation Layer 3 - Ecosystem Amplification Our mission is to establish America as the undisputed leader of the global Bitcoin economy The foundation of our model is a Bitcoin mining platform engineered for rapid, cost-efficient Bitcoin production at below-market cost Our treasury strategy leverages public market access and disciplined deployment to accelerate BTC-per-share growth SCALING FROM PREMIER MINER TO STRATEGIC BITCOIN ACCUMULATOR WHILE ESTABLISHING THE FOUNDATION FOR ECOSYSTEM LEADERSHIP
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9AMERICAN BITCOIN Note: 1. Owned fleet represents the total number of Bitcoin miners and aggregate hashrate owned by the Company, including units that may not currently be operational or energized at an operating site. Operational fleet represents the total number of Bitcoin miners and aggregate hashrate currently operational and energized at the Company's operating sites. Following the energization of the additional miners at Drumheller, the Company's operational fleet consists of ~58,999 miners representing ~25.0 EH/s at an average efficiency of ~14.1 J/TH; 2. Number of Bitcoin have been rounded to the nearest whole number; 3. Includes Bitcoin pledged for miner purchases under agreements with BITMAIN; 4. Data compared as of June 30, 2026 vs. March 31, 2026; 5. Corporate SG&A includes payroll, general & administrative expenses, and stock-based compensation incurred for three months ended June 30, 2026 LAYER 1 – OPERATIONAL FOUNDATION Forging an Industry-Leading Foundation RAPIDLY SCALING HIGH-PERFORMANCE MINING OPERATIONS WITH ADVANCED EFFICIENCY ABTC’s cost structure positioned to drive superior economics vs. peers Energy and Infrastructure Leverage ▪ Leveraged low-cost energy access and scaled infrastructure to mine ~932 BTC in Q2 2026 – ABTC's highest quarterly production to date – powered by an owned fleet of ~90,000 miners operating at ~16.0 J/TH efficiency and ~28.1 EH/s 1 in Q2 2026 Scalable Mining Foundation ▪ Harnesses our scaled, high -throughput mining base to anchor BTC reserves in an operating business accumulating BTC at a structural discount ▪ ABTC held ~8,0022,3 BTC in reserve at quarter -end in Q2 2026 , ~14%4 increase QoQ Cost-Efficient Bitcoin Production ▪ Maintained one of the industry's lowest cost bases, with cost of revenue per BTC mined of ~$36.5K in Q2 2026, marginally increasing QoQ by less than ~1% from ~$36.5K in Q1 2026 ▪ SG&A remained among the lowest in the sector at ~11% of revenue in Q2 2026, increasing by less than 1 pp QoQ
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10AMERICAN BITCOIN 2 ASSET-LIGHT SPEED AND CAPITAL EFFICIENCY New mining sites delivered by Hut 8 in rapid succession at competitive infrastructure costs per megawatt Majority of ABTC growth capital directed to ASICs & Bitcoin accumulation OPERATIONAL EXCELLENCE AND DE-RISKING Execution risk limited through Hut 8’s deep industry experience Hut 8's optimized costs provide a predictable low-cost structure for ABTC to produce BTC and leverage ongoing operational efficiencies BUILT-IN SCALABILITY AND ALIGNMENT Access to Hut 8’s substantial energy development pipeline provides a roadmap for future low-cost expansion Hut 8’s partnership creates strategic alignment with ABTC’s growth and success ▪ Accelerated Deployment ▪ Capital Focused on Hashrate ▪ Turnkey Expertise ▪ Cost Efficiency ▪ Vast Energy Pipeline ▪ Deeply Aligned Interests LAYER 1 – OPERATIONAL FOUNDATION Hut 8 Partnership: Critical Operational Advantage LAYERED MASTER PLAN IS TO SCALE FROM EFFICIENT MINER TO STRATEGIC TREASURY, CREATING AMERICA'S CORE BITCOIN PLATFORM
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11AMERICAN BITCOIN Hut 8 Architecture at Vega Building America’s Bitcoin Backbone with Hut 8 Speed and Scale ▪ 120,000 gallons of direct-to-chip liquid cooling ▪ Rack-based architecture supports 180-kW / rack, 50% higher than 120-kW requirement of NVIDIA Blackwell GPUs ▪ Supports up to 17,280 BITMAIN servers Source: Hut 8 Press Release: Hut 8 Energizes Vega Data Center as of June 30, 2025 LAYER 1 – OPERATIONAL FOUNDATION ▪ Agreement with Hut 8 to provide access to 205 MW from ERCOT Grid (Texas) and a wind farm at Vega ▪ Hut 8 Vega site is one of the largest mining facilities spanning 162K sq. ft. ▪ Hut 8 took <1 year from Vega site acquisition (July ‘24) to initial energization (June ‘25) – timelapse ▪ ABTC purchased ~11,298 additional miners in early Q1 2026; full energization of miners completed at Drumheller on April 22, 2026
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12AMERICAN BITCOIN Where Treasury Meets Mining Excellence AMERICAN BITCOIN COMBINES BTC TREASURY INTENTIONS WITH A WORLD-CLASS BTC MINING OPERATION LAYER 2 – BITCOIN ACCUMULATION
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13AMERICAN BITCOIN 01 Access Strategic Capital for Growth Economies of Scale Utilize public markets and diverse funding options to raise capital, accelerating Bitcoin accumulation beyond mining output Accumulate Long-Term Holdings Build and adaptively manage Bitcoin reserve to support balance sheet strength and enhance shareholder value ▪ At-the-market (ATM) offering to sell up to $2.1B primary shares on NASDAQ under ticker ABTC Leverage Public Market Access ▪ Purchase BTC tranches from capital raised and leverage potential BTC price appreciation ABTC's NASDAQ listing enables capital market access to leverage our scale, and brand visibility ▪ Layer 1’s scale, efficiency, and credibility are critical prerequisites for Layer 2’s execution LAYER 2 – BITCOIN ACCUMULATION Growing our Bitcoin Reserve: The Strategic Value Engine LEVERAGING STRONG FUNDAMENTALS AND BRAND-DRIVEN VALUATION POTENTIAL TO BUILD LARGE-SCALE RESERVE SOUGHT BY INVESTORS Scale unlocks compounding benefits across equity value, volatility, cost of capital, and mining output, reinforcing Bitcoin reserve accumulation engine ▪ Self-reinforcing cycle enhances both equity and Bitcoin reserve value over time 04 02 03
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14AMERICAN BITCOIN HOW ABTC COMPARES TO PEERS & OTHER PUBLIC MARKET ALTERNATIVES Mines BTC at lower cost than market purchases to provide less dilutive treasury growth vs. peer accumulation strategies ▪ Committed to BTC treasury growth via mining and strategic market purchases ▪ Capitalize on equity market premiums to fund BTC acquisition at favorable cost of capital ▪ Fortress balance sheet reinforces scarcity value and long -term shareholder alignment Strategic HODL & Reserve Growth Brand reach and media presence broadens capital access and investor awareness ▪ Publicly-listed entity provides flexible, rapid capital deployment capabilities ▪ Disciplined ATM execution aiming to maximize BTC per share accretion ▪ Demonstrated ability to raise capital efficiently Capital Market Access & ATM Posture Mining approach reduces market purchase premiums & fees that are incurred by peer accumulation strategies ▪ Highly competitive SG&A demonstrates premier operational efficiency ▪ Lean corporate overhead enhances capital allocation to productive BTC generation Exceptional Cost Discipline & Liquidity Runway Integrated model captures value across BTC management & development chain ▪ Hybrid model combines treasury upside with mining cash flows ▪ Strategically positioned for operational outperformance and valuation expansion Peer Positioning THE AMERICAN BITCOIN APPROACH LAYER 2 – BITCOIN ACCUMULATION ABTC’s Disciplined Approach to Capital & Treasury Management AMERICAN BITCOIN IS POSITIONED TO CAPITALIZE ON STRUCTURAL ADVANTAGES THAT ARE EXPECTED TO COMPOUND OVER TIME ▪ Many pure-play BTC treasuries command premium mNAV multiples in public markets
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15AMERICAN BITCOIN KEY INPUTS Scale And Efficiency Trusted American Brand Broad Audience Reach Strategic Bitcoin Reserve Expanded Service Capabilities Widespread Bitcoin Exposure Ecosystem Leadership Significant Value Creation UNLOCK ACCESS TO EXPAND SCALE LAYER 3 – ECOSYSTEM AMPLIFICATION Amplifying Value: America’s Bitcoin Infrastructure Backbone LEVERAGING FOUNDATIONAL SCALE, BRAND, AND TREASURY TO LEAD THE BITCOIN ECOSYSTEM
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16AMERICAN BITCOIN If Bitcoin succeeds at the scale its proponents believe, there will be a category leader THE CATEGORY LEADER WILL EMERGE ~$1.2T Ecosystem1 3 Layer Architecture 1 Bitcoin Company SHOULD BE THAT COMPANY WE BELIEVE Source: 1. CoinMarketCap as of June 30, 2026