Donald Trump Sons Enters Bitcoin Mining with New Partnership

Hut 8 Mining has joined forces with Eric Trump to create a groundbreaking venture called American Bitcoin, a major new project focused on large-scale Bitcoin mining and the strategic buildup of a Bitcoin reserve.

The company aims to position itself as a dominant force in the world of cryptocurrency mining.

The launch of American Bitcoin comes after Hut 8 contributed its ASIC miners in exchange for a majority stake in American Data Centers, a firm co-founded by Eric Trump and his brother Donald Trump Jr. The company, once operating under its previous name, has now rebranded as American Bitcoin.

As part of the deal, all Bitcoin mining operations under Hut 8’s IT segment will transition to the new brand, though these activities will still be reflected in Hut 8’s financial reports. Hut 8 will continue as the exclusive provider of infrastructure and operational services for American Bitcoin, ensuring a steady revenue stream through long-term agreements.

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The core ambition of American Bitcoin is to become the most efficient Bitcoin mining company globally, while also amassing a significant Bitcoin reserve.

Eric Trump expressed his excitement about the partnership, stating that combining Hut 8’s strong operational track record with their shared passion for Bitcoin and decentralized finance sets the stage for future growth. Donald Trump Jr. echoed this sentiment, emphasizing that Bitcoin mining presents a far greater opportunity than merely purchasing the cryptocurrency.

Through American Bitcoin, they aim to give investors a chance to actively engage in the growth of Bitcoin.

Alexander Zdravkov