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- Donald Trump’s sons, Eric Trump and Donald Trump Jr., have invested in a Bitcoin mining venture with Hut 8.
- The new company, American Bitcoin, aims to become a major player in industrial-scale Bitcoin mining.
Eric Trump and Donald Trump Jr. have made another push into the crypto space, teaming up with Hut 8 Corp to launch a Bitcoin mining company. This represents a significant expansion of the Trump family’s digital asset interests, renewing their faith in decentralized finance.
American Bitcoin Corp was formed after Hut 8 contributed the majority of its ASIC miners to American Data Centers, Inc. American Data Centers renamed itself American Bitcoin after the deal.
This strategic move allows Hut 8 to concentrate on power and digital infrastructure while American Bitcoin focuses exclusively on BTC mining and building a sizeable Bitcoin reserve.
We are proud to partner with @EricTrump and American Data Centers to launch @AmericanBTC.
American Bitcoin, a majority-owned subsidiary of Hut 8, aims to become the world’s largest, most efficient pure-play miner while building a robust strategic Bitcoin reserve.
Join us for a… pic.twitter.com/f5ddCxQkqp
— Hut 8 (@Hut8Corp) March 31, 2025
The Trump brothers consider this an investment, but beyond that, they believe Bitcoin mining is a tremendous financial opportunity. Donald Trump Jr. noted that as great as it is to own BTC, mining it has an even greater upside when done with good economics.
Their partnership with Hut 8 provides an opportunity for a substantial mining enterprise, taking advantage of the infrastructure expertise of Hut 8 and the Trump family’s financial network.
American Bitcoin Targets Large-Scale Mining
With the establishment of American Bitcoin, Hut 8 reorganizes its business to delineate mining from its other operations. The step allows the company to raise its own capital while concentrating on building mining capacity.
Hut 8, in turn, secures long-term revenue streams under commercial agreements, bringing financial stability to both parties. The company will be one of the world’s biggest and most efficient BTC mining companies.
Its executives are Mike Ho as Executive Chairman, Matt Prusak as Chief Executive Officer, and Eric Trump as Chief Strategy Officer. The executives bring experience in infrastructure, finance, and strategic development.
One of the key highlights of the strategy involves leveraging Hut 8’s proven track record in Bitcoin mining and combining it with Eric Trump’s business experience and market expertise. The combination of these competencies would differentiate American Bitcoin in the industry.
American Bitcoin Aims to Build a Strong Bitcoin Reserve Strategy
In addition to its mining targets, American Bitcoin also aims to build a solid Bitcoin reserve, a step by the growing trend of companies holding Bitcoin as a long-term asset.
The company will use its mining operations not only to make some revenue but also to accumulate Bitcoin, reinforcing its position in the market.
Hut 8 remains a strategic partner, providing long-term contracted infrastructure and management services. With its lean focus, Hut 8 will be positioned to increase profitability as American Bitcoin scales up mining operations. This structured approach is expected to build a more predictable financial model for both entities.
The board of directors of the company comprises industry professionals such as Asher Genoot, Justin Mateen, and Michael Broukhim. Their collective experience in technology, finance, and corporate management is anticipated to lead American Bitcoin’s expansion.
The participation of the Trump family in the company brings great exposure to the project. Their financial and political connections may bring investors who view Bitcoin mining as a profitable venture.
