tl;dr
The Trump family, including Eric Trump and Donald Trump Jr., has entered the Bitcoin mining industry with a 20% stake in American Bitcoin, a new entity formed in partnership with Hut 8. The venture involves transferring a substantial portion of Hut 8's ASIC mining assets to American Bitcoin, which i...
Hut 8 has partnered with Eric Trump and Donald Trump Jr. to launch American Bitcoin, a new entity focused on industrial-scale Bitcoin mining and strategic reserve development. The venture involves transferring a substantial portion of Hut 8's ASIC mining assets to American Bitcoin, which is now majority-owned by Hut 8. The operations will be managed through long-term agreements with Hut 8, targeting a hash rate exceeding 50 exahashes per second. The Trump family, including Eric Trump and Donald Trump Jr., has entered the Bitcoin mining industry with a 20% stake in American Bitcoin, forming a partnership with Hut 8. Eric Trump serves as Chief Strategy Officer, and the operations will be managed through long-term agreements with Hut 8. American Bitcoin aims to become the world's largest and most efficient pure-play miner, introducing competitive pressure to the Bitcoin mining landscape. American Bitcoin's operations will be managed through long-term agreements with Hut 8, targeting a hash rate exceeding 50 exahashes per second. The Trump family's broader digital asset push includes advisory roles, token investments, and strategic equity holdings. The initiative introduces new competitive pressure to the Bitcoin mining landscape and showcases a modular approach to mining platform development.
Under the new framework, American Bitcoin’s operations will be managed through long-term commercial agreements with Hut 8, which will continue to act as the exclusive infrastructure and managed services partner. The company will consolidate American Bitcoin’s results within its financial reporting while moving its mining operations under a distinct brand identity. The mining operations target a hash rate exceeding 50 exahashes per second with an average fleet efficiency below 15 joules per terahash. In parallel, the firm will focus on building a strategic Bitcoin reserve, reinforcing a broader trend of corporates adopting long-term Bitcoin holdings as part of treasury and risk diversification strategies. The launch of American Bitcoin follows a broader strategic alignment between the Trump family and the digital asset sector. Donald Trump Jr. and Eric Trump have steadily expanded their crypto exposure through advisory roles, token investments, ETFs, and strategic equity holdings.
American Bitcoin’s stated ambition to become the world’s largest and most efficient pure-play miner introduces a new layer of competitive pressure to a sector already characterized by increasing institutionalization. Hut 8’s strategic use of American Bitcoin as a vehicle to attract external capital for hash rate expansion while preserving operational and infrastructure oversight reflects a modular approach to mining platform development. The commercial structure may also insulate Hut 8’s balance sheet from volatility tied to Bitcoin production while allowing investors targeted exposure to mining yields. A conference call discussing the transaction in detail will be held on April 1.