Eric Trump Launches Bitcoin Mining Venture with Hut 8
- Eric Trump partners with Miami-based Hut 8 to form American Bitcoin Corp.
- The venture aims to become one of the largest Bitcoin mining operations in the U.S.
- Hut 8 will own an 80% stake by contributing most of its ASIC miners.
- The remaining 20% stake goes to American Data Centers, now renamed American Bitcoin.
- Eric Trump criticizes traditional banking, highlighting crypto’s advantages like transparency and resilience.
Eric Trump’s collaboration with Hut 8 to establish American Bitcoin Corp is set to make it a major player in the U.S. Bitcoin mining industry, leveraging a vertically integrated model for economic efficiency.
Source (2.6)https://decrypt.co/312762/eric-trump-backs-new-bitcoin-mining-venture-with-hut-8-plans-to-go-public?rand=52368
