Hut 8 and Donald Trump's second son, Eric Trump, announce the formation of a Bitcoin mining company called American Bitcoin

2025.03.31

Hut 8 and Donald Trump's second son, Eric Trump, announce the formation of a Bitcoin mining company called American Bitcoin

According to an official press release, Hut 8 Mining (NASDAQ/Toronto Stock Exchange: HUT), a mining company, has announced the formation of American Bitcoin with Eric Trump, son of U.S. President Donald Trump. The new venture is dedicated to industrial-scale bitcoin mining and the strategic development of bitcoin reserves. American Bitcoin aims to become the world's largest and most efficient pure-play bitcoin mining company, targeting over 50 EH/s in hashing power with an average fleet efficiency of less than 15 J/TH, and intends to pursue an independent listing in the future.

2025.03.31 - 09:24:38

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TechFlow reported on March 31 that, according to an official press release, Hut 8 Mining (NASDAQ/Toronto Stock Exchange: HUT), a cryptocurrency mining company, has partnered with Eric Trump, the second son of former U.S. President Donald Trump, to launch American Bitcoin—a new entity dedicated to industrial-scale bitcoin mining and strategic bitcoin reserve development. American Bitcoin aims to become the world’s largest and most efficient pure-play bitcoin mining company, targeting over 50 EH/s in computing power with an average fleet energy efficiency below 15 J/TH, and intends to pursue an independent public listing in the future.

The partnership includes Eric Trump and Donald Trump Jr. Hut 8 will serve as the exclusive infrastructure and operations partner for American Bitcoin. Eric Trump stated, “It’s an honor to partner with Hut 8, a recognized leader in the bitcoin space. By combining Hut 8’s excellence in data center operations with our shared passion for bitcoin and decentralized finance, we are positioned to strengthen the foundation and drive significant future growth.”

Donald Trump Jr. added, “Simply buying bitcoin is only half the story. Mining bitcoin under favorable economic conditions opens up even greater opportunities.”