US EditionEric Trump Announces Ambitious Plans for American Bitcoin at Consensus 2025
- Eric Trump and Asher Genoot introduced their new venture, American Bitcoin—a cryptocurrency mining company launched in collaboration with Hut 8—during Consensus 2025 held in Toronto on May 15, 2025.
- Their partnership formed after political attacks on Trump's family extended to the crypto community, uniting two previously unlike-minded individuals.
- Trump highlighted the advantage of mining bitcoin domestically by leveraging some of the world's cheapest energy, allowing costs to be about one-third of the asset’s current market price, while noting bitcoin's impressive 60% annual growth.
- He explained that being able to mine a digital asset at about one-third of its current market cost, especially using America's low-cost energy, combined with its strong annual appreciation, creates an exceptional investment opportunity in digital gold.
- The presentation reinforced optimism for American Bitcoin's growth, with plans for Trump to speak on stablecoins at Consensus Toronto on May 16 and expansion of Consensus events to Hong Kong and Miami in 2026.
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