Trump Family and Hut 8 Launch U.S.-Based Bitcoin Mining Venture

American Bitcoin, led by Eric Trump and Hut 8, aims to capitalize on low energy costs, build a bitcoin reserve, and explore a public listing.

Eric Trump and Donald Trump Jr. have partnered with Hut 8 to launch American Bitcoin, a new U.S.-based bitcoin mining company.
Hut 8 holds an 80% stake in the venture and has contributed nearly 61,000 mining machines, while the Trump family retains 20%.
Eric Trump serves as the company's chief strategy officer, with Matt Prusak as CEO, and the board includes high-profile figures like Tinder co-founder Justin Mateen.
American Bitcoin will focus on bitcoin mining, building a strategic bitcoin reserve, and potentially going public in the future.
The company plans to leverage Hut 8's 11 U.S. data centers and low energy costs to establish a competitive edge in the global cryptocurrency market.