Trump Brothers Team Up With Hut 8 to Launch Bitcoin Mining Venture ‘American Bitcoin’
The Trump family’s involvement in cryptocurrency continues to expand, as Eric Trump and Donald Trump Jr. announce a new bitcoin mining initiative in partnership with crypto infrastructure firm Hut 8.
In a deal revealed through a press release, the Trump brothers’ company, American Data Centers, is combining forces with Hut 8 to form American Bitcoin. The Trumps will hold a 20% equity stake in the venture, while Hut 8 will control the remaining 80%. The agreement includes Hut 8 contributing approximately 61,000 mining machines, with no cash exchanged.
Eric Trump will serve as Chief Strategy Officer of the new entity. In a statement, he characterized the move as consistent with the family’s focus on “hard assets,” comparing bitcoin’s long-term value proposition to that of real estate. He also noted the company may explore going public in the future.
Although American Bitcoin is separate from the Trump Organization, it could potentially collaborate with World Liberty Financial, a decentralized finance (DeFi) initiative launched by the Trump brothers.
Mining operations will be hosted within Hut 8’s 11 U.S.-based data centers, chosen for their competitive energy costs and scalable infrastructure. Hut 8 CEO Asher Genoot cited these advantages as key to the new venture’s positioning in a crowded market.
Board members for American Bitcoin will include notable tech founders Justin Mateen (Tinder) and Michael Broukhim (FabFitFun). The company is launching amid ongoing scrutiny of bitcoin mining’s environmental impact, though Eric Trump expressed confidence that the U.S. energy landscape gives domestic miners a competitive edge.
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