# Siebert Reaffirms $40 Target for American Bitcoin on Hashrate Growth

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/27088
Published: 2026-10-06T16:07:56.000Z
Updated: 2026-10-06T16:07:56.000Z
Section: Business

> The firm maintained its Buy rating, citing mining economics and room to double hashrate in about 12 to 24 months.

Siebert reaffirmed its Buy rating and $40 price target for American Bitcoin, citing mining economics and the company’s potential to double its hashrate in about 12 to 24 months.

American Bitcoin is a Trump family-backed Bitcoin (BTC) mining company.