Jones Trading Backs American Bitcoin with Buy Rating

Jones Trading has initiated coverage on American Bitcoin Corp., assigning it a buy rating and a price target of $14.00, according to recent news.

The company was spun out from Hut 8's Bitcoin mining business in September 2025 and focuses on accumulating Bitcoins through its mining operation and spot purchases.

Jones Trading cited several factors supporting its bullish outlook, including Bitcoin's store-of-value proposition and the mining advantage from American Bitcoin's relationship with Hut 8.

The analyst also noted capital allocation benefits from the Hut 8 relationship and highlighted that American Bitcoin operates under an 'American' label tied to the Trump brand.