Donald Trump Jr. and Eric Trump have partnered with Hut 8, a leading Bitcoin mining company, to launch “American Bitcoin,” a new venture aiming to become the world’s largest and most efficient Bitcoin mining operation.
The partnership merges the Trump family’s American Data Centers with Hut 8, with the latter holding an 80% stake in the new entity. The venture is set to focus on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.
Eric Trump, serving as Chief Strategy Officer, emphasized the synergy between Hut 8’s operational expertise and the Trump family’s business acumen. Donald Trump Jr. highlighted the family’s long-standing belief in Bitcoin, stating that mining offers a more significant opportunity than merely holding the cryptocurrency.
The company, formed by investors including Eric Trump and Donald Trump Jr., will operate as a pure-play Bitcoin miner and aims to build a strategic Bitcoin reserve. Hut 8 retains an 80% stake in American Bitcoin and will continue reporting mining operations under its Compute segment.
Hut 8 will act as the exclusive infrastructure and operations partner, managing Bitcoin mining through long-term agreements. The subsidiary’s leadership includes Mike Ho (Executive Chairman), Matt Prusak (CEO), and Eric Trump (Chief Strategy Officer), with a board comprising Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim.
Shogun Lin
