Trump Family Partners with Hut 8 to Launch Bitcoin Mining Venture

American Bitcoin, co-founded by Eric and Donald Trump Jr., aims to become the largest Bitcoin miner and build a strategic Bitcoin reserve.

American Bitcoin, a new Bitcoin mining company, was officially launched as a partnership between the Trump family and Hut 8, with Hut 8 holding an 80% stake and the Trumps owning 20%.
Hut 8 contributed approximately 61,000 mining machines and will manage the infrastructure and operations under long-term agreements.
Eric Trump serves as Chief Strategy Officer, while Matt Prusak, formerly of Hut 8, is the CEO of the new venture.
The company plans to establish itself as the world's largest Bitcoin miner, develop a strategic Bitcoin reserve, and eventually go public to raise additional capital.
The Trump family's increasing involvement in cryptocurrency has raised ethical concerns regarding potential conflicts of interest, especially given their broader crypto initiatives and policy influence.