TechFlow news — On March 31, according to an official press release, mining company Hut 8 Mining (Nasdaq/Toronto Stock Exchange: HUT) and Eric Trump, son of U.S. President Donald Trump, announced the formation of American Bitcoin, a new company 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 hash rate 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, “Partnering with Hut 8, a recognized leader in the bitcoin space, is an honor. By combining Hut 8’s exceptional data center operational expertise 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 unlocks even greater opportunities.”
