In big news from the Trump family, their new venture into the world of cryptocurrency is making waves, as Donald Trump Jr. and Eric Trump join forces with Hut 8 to establish American Bitcoin.
See the tweet below!
This new venture aims to revolutionize the Bitcoin mining sector by optimizing processes and appealing to tech enthusiasts and investors alike.
With the Trump name and Hut 8’s expertise, American Bitcoin is poised to become a powerhouse in the crypto market.
The Trump family, never one to shy away from a business opportunity, has launched American Bitcoin Corp, a Bitcoin mining venture, in collaboration with Hut 8 Corp.
This Canadian company is known for its expertise in mining and is publicly traded, providing a solid foundation for this new venture.
American Bitcoin will be a majority-owned subsidiary of Hut 8, with Hut 8 holding an 80% stake in the company.
Eric Trump takes on the role of co-founder and chief strategy officer for American Bitcoin Corp, bringing his strategic insight to the table.
Meanwhile, Donald Trump Jr. has expressed his enthusiasm for the economic opportunities that Bitcoin mining presents.
“Simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity,” he said, highlighting the vast potential that this venture offers.
The focus of American Bitcoin Corp will be on Bitcoin mining as well as developing a strategic Bitcoin reserve.
Based in Miami, the company aims to become a publicly listed entity, further demonstrating their commitment to growth and innovation within the industry.
The Trump family has also been involved in previous crypto ventures, including World Liberty Financial and NFT collections, showcasing their ongoing dedication to cryptocurrency.
“From the start, we’ve backed our conviction in Bitcoin — personally and through our businesses. But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity. We’re excited to bring investors into that equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth,” explained Donald Trump Jr.
American Bitcoin Corp isn’t just looking at traditional mining; it’s strategically planning to host discussions and generate insights on cryptocurrency’s future, as indicated by Hut 8’s intention to hold a conference call about this new subsidiary.
It’s clear that this venture is about more than just mining—it’s about steering the future of digital currencies.
American Bitcoin Corp’s strategy resonates strongly with the Trump family’s previous efforts under the Trump Administration to position the U.S. as a leader in crypto and financial technologies.
This includes Trump Media’s collaboration with Crypto.com for digital asset-focused exchange-traded funds and President Trump’s advocacy for stablecoin regulation to boost innovation.
Whether this venture rules the Bitcoin domain remains to be seen, but with the Trump family’s vast business network and financial resources coupled with Hut 8’s profound industry knowledge, American Bitcoin Corp is likely to carve out significant ground in the ever-evolving world of cryptocurrency.
🚨 Trump Family Launching Bitcoin Mining Venture with Hut8.
Hut Transfers all Bitcoin ASICS to "American Bitcoin Corp", a majority-owned subsidiary created by a previous buyout of American Data Centers, formed by group of investors that includes Eric & Don Jr.
Eric Trump to… pic.twitter.com/87dyHaIR4O
— matthew sigel, recovering CFA (@matthew_sigel) March 31, 2025
