Trump Family Joins Bitcoin Mining With Launch of ‘American Bitcoin’ in Partnership With Hut 8
Eric Trump and Donald Trump Jr. are making a bold entry into the cryptocurrency mining space, partnering with crypto infrastructure giant Hut 8 to launch a new U.S.-based bitcoin mining company called American Bitcoin.
The move was announced in a press release from Hut 8, revealing that the Trump brothers will merge their existing venture, American Data Centers, into the newly formed mining company. The Trumps will hold a 20% ownership stake, while Hut 8 retains the remaining 80%. No financial transactions occurred—Hut 8 is contributing roughly 61,000 mining rigs to power the operation.
Eric Trump, who will serve as chief strategy officer, framed the venture as part of the family’s broader interest in hard assets. “We see bitcoin similarly to how we view real estate—durable, valuable, and foundational,” he said. Eric also hinted at ambitions to build a “bitcoin reserve” and possibly take the company public.
Although American Bitcoin is independent from the Trump Organization, future synergies may emerge with World Liberty Financial, the DeFi project recently launched by the Trump brothers.
Mining operations will be hosted at Hut 8’s 11 data centers across the U.S. CEO Asher Genoot emphasized that low-cost energy and robust infrastructure will give the venture an edge in the competitive bitcoin mining landscape.
The company’s board will feature high-profile names including Justin Mateen, co-founder of Tinder, and Michael Broukhim, co-founder of FabFitFun. Despite ongoing environmental concerns surrounding bitcoin mining, Eric Trump remains confident that access to affordable U.S. energy will give domestic miners a global advantage.
