Hut 8 and Trump Family Launch American Bitcoin Mining Venture
- Hut 8 partners with Trump’s family to form American Bitcoin.
- Hut 8 merges majority of its ASIC operations for an 80% stake in the new venture.
- Eric Trump will serve as chief strategy officer; Donald Trump Jr. is also involved.
- American Bitcoin aims to become a publicly listed company.
- Hut 8 will be the exclusive infrastructure and operations partner.
The new subsidiary, American Bitcoin, involves Hut 8 merging its ASIC mining operations for an 80% stake. Eric Trump will lead strategy efforts, while Hut 8 provides infrastructure support through long-term agreements.
Source (2.6)https://dailyhodl.com/2025/03/31/trump-family-launches-american-bitcoin-btc-mining-venture-in-partnership-with-hut-8/?rand=59076
