US EditionPresident Trump's Sons Partner With Hut 8 To Unveil American Bitcoin For Large-Scale Bitcoin Mining - Hut 8 (NASDAQ:HUT)
- On March 31, 2025, Hut 8 Corp., based in Miami, Florida, announced the launch of American Bitcoin Corp., a new subsidiary focused on large-scale Bitcoin mining and strategic reserve accumulation.
- Hut 8 contributed the majority of its ASIC miners in exchange for a dominant 80% stake in American Data Centers, Inc., which was subsequently renamed American Bitcoin, to create two focused businesses.
- American Bitcoin aims to become the world's largest and most efficient pure-play Bitcoin miner, targeting a computing capacity exceeding 50 exahashes per second and fleet efficiency under 15 joules per terahash .
- Key leadership for American Bitcoin includes Mike Ho as Executive Chairman, Matt Prusak as CEO, and Eric Trump as Chief Strategy Officer, with Donald Trump Jr. Also backing the venture.
- Hut 8 will serve as American Bitcoin's exclusive infrastructure and operations partner through long-term agreements, with Hut 8's shares trading higher in premarket following the announcement, though they have fallen 42.8% so far this year.
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President Trump's sons join crypto firm Hut 8 to launch bitcoin mining company: CNBC Crypto World
On today's show, crypto prices are mixed to begin the week. And, President Trump granted pardons to three co-founders and a former employee of the BitMEX crypto exchange, while Hut 8 announced Eric Trump and Donald Trump Jr. invested in a new bitcoin mining company called American Bitcoin, which is controlled by the crypto infrastructure firm. Plus, Paul Veradittakit, managing partner at Pantera Capital, and Amber International CEO Wayne Huo dis…
Trump sons launch new Bitcoin mining business called ‘American Bitcoin’
Hut 8, a publicly traded Bitcoin mining company, announced Monday morning that it was partnering with President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, to launch a new Bitcoin mining subsidiary called American Bitcoin. The public company, whose market capitalization is about $1.2 billion, will contribute “substantially all” of its Bitcoin ASICs, or specially designed computer chips, to the subsidiary in exchange for 80% of the comp…
Hut 8, Eric Trump to launch bitcoin mining company
Hut 8 said on Monday it had joined hands with President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin.Miami, Florida-based Hut 8 merged the majority of its mining operations for an 80 per cent stake in American Data Centers, a company formed by a group of inve
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