The Trump family has taken a major step into the cryptocurrency world by launching “American Bitcoin,” a new Bitcoin mining company in partnership with Hut 8, a leading digital asset mining firm. Donald Trump Jr. and Eric Trump are spearheading the initiative, which aims to become one of the largest Bitcoin mining operations in the world.
Hut 8 has acquired an 80% stake in American Bitcoin (formerly American Data Centers) and is transferring 61,000 Bitcoin mining machines to the operation. Eric Trump will serve as Chief Strategy Officer, bringing his business expertise and support for decentralized finance to the project.
Donald Trump Jr. emphasized that mining is a strategic way to invest in Bitcoin beyond just holding the asset, highlighting its potential for financial growth. The move aligns with former President Donald Trump’s recent pro-Bitcoin stance, as he advocates for U.S. leadership in crypto mining and energy dominance.
With ambitions to expand rapidly, American Bitcoin is expected to play a key role in shaping the future of Bitcoin mining in the United States. The company may even consider going public in the near future, positioning itself as a major player in the industry.
