In a major announcement, the Trump family is staking its claim in the cryptocurrency realm with the founding of American Bitcoin, a new Bitcoin mining venture in partnership with Hut 8 Corp.
See the tweet below!
The ambitious project promises to capitalize on the Trump brand and Hut 8’s expertise to revolutionize Bitcoin mining.
American Bitcoin emerges as a partnership between the Trump family and Hut 8, a leading name in Bitcoin mining.
Despite Hut 8 taking an 80% majority stake, the Trump influence is unmistakable.
Based in Miami, American Bitcoin aims to make its own mark by focusing on efficient Bitcoin mining and strategic Bitcoin reserve development, planning to become a publicly listed company in the near future.
Eric Trump is steering the venture as co-founder and chief strategy officer.
He believes in carving a niche for American Bitcoin in the digital currency marketplace.
Donald Trump Jr. is also deeply involved, highlighting the immense economic opportunities the venture presents.
“From the start, we’ve backed our conviction in Bitcoin — personally and through our businesses. But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity,” Trump Jr. stated.
“We’re excited to bring investors into that equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth,” he added.
American Bitcoin’s venture into Bitcoin mining marks the latest step in Trump’s growing involvement with cryptocurrency.
Previously, the Trump family participated in various crypto projects, including World Liberty Financial.
This entity is ready to launch USD1, a stablecoin backed by U.S. government treasuries, to ensure the supremacy of American financial sovereignty.
President Trump has been vocal in supporting an American-led charge into cryptocurrencies and financial technologies.
His administration initiated the first White House digital asset summit and backed a Strategic Bitcoin Reserve executive order.
Many in the crypto world have since bolstered Trump’s campaigns, drawing criticism from those perceiving it as a compromise of patriotic values.
Furthermore, Trump Media is collaborating with Crypto.com to create exchange-traded funds (ETFs) focusing on digital assets, emphasizing products with a Made in America focus.
This commitment to conservative ideals aims to protect American interests while exploring emerging financial technologies.
The question remains: Is the Trump family’s foray into Bitcoin mining a beacon of American innovation, or another speculative play in a volatile market?
Their latest venture and previous crypto collaborations reflect President Trump’s vision for a crypto-dominant future in American finance.
Hut 8 has launched American Bitcoin, a new majority-owned subsidiary focused on industrial-scale Bitcoin mining and strategic $BTC reserves.
The venture includes contributions from Eric Trump and Donald Trump Jr. and will operate under the Hut 8 platform. pic.twitter.com/PjD4khOJLI
— Satoshi Club (@esatoshiclub) March 31, 2025
