BTIG Sees American Bitcoin Corp. as Undervalued Miner

American Bitcoin Corp., a relatively new player in the mining space, has received a 'Buy' rating from BTIG, a Wall Street research firm. The $15 price target set by BTIG suggests that shares of ABTC could nearly double from their recent close near $8.

This implies roughly 88% upside for investors, which is significant considering the stock's performance this year. American Bitcoin Corp.'s shares have shed about 69% of their value year-to-date, with a particularly dismal showing in 2026.

The company has established itself as one of the top 15 publicly traded Bitcoin holders in the US, holding approximately 8,002 BTC in its treasury. Its mining operations boast a hash rate of roughly 28 EH/s, accounting for about 3% of the global Bitcoin hash rate.