Catenaa, Friday, April 04, 2025-The Trump family has entered the Bitcoin mining industry through a partnership with Hut 8, launching American Bitcoin Corp., a large-scale mining operation in the United States.
The venture, announced Monday, aims to become the most efficient pure-play Bitcoin miner while also building a strategic Bitcoin reserve.
Under the agreement, American Bitcoin will absorb Hut 8’s Bitcoin mining operations, while Hut 8 will retain its role as an infrastructure and operations partner.
The restructuring is designed to streamline mining activities, allowing Hut 8 to focus on infrastructure services while enabling American Bitcoin to scale independently and attract investment.
Eric Trump, who will serve as the venture’s Chief Strategy Officer, said the partnership merges “operational excellence” with a “passion for Bitcoin.” Donald Trump Jr. added that while holding Bitcoin is valuable, mining it under favorable conditions presents stronger growth opportunities.
Industry analysts view the move as a significant development for crypto markets.
“When the Trump family starts mining Bitcoin, you know the game has changed,” said Mati Greenspan, CFO of Quantum Expeditions.
