Eric Trump Backs Hut 8’s ‘American Bitcoin’ — Calls It a Game-Changer for Mining

Hut 8, a well-known name in Bitcoin mining has officially launched American Bitcoin. A new mining entity that aims to become a leader in the industry. This move comes as part of a strategic partnership, with Eric Trump, Co-founder of American Bitcoin, playing a significant role in its development. The Trump family has been vocal about their interest in BTC mining, and this latest initiative solidifies their growing involvement in the sector.

Hut 8 Launches American Bitcoin

Hut 8 has transferred a substantial number of its Bitcoin mining rigs to American Data Centers, Inc., a company backed by Eric Trump and Donald Trump Jr.. In exchange, Hut 8 acquired an 80% ownership stake, forming what is now called American Bitcoin.

Hut 8 has launched American Bitcoin, a new majority-owned subsidiary focused on industrial-scale Bitcoin mining and strategic $BTC reserves.

The venture includes contributions from Eric Trump and Donald Trump Jr. and will operate under the Hut 8 platform. pic.twitter.com/PjD4khOJLI

— Satoshi Club (@esatoshiclub) March 31, 2025

This entity will operate as a separate mining powerhouse. It aims to optimize profitability and increase Bitcoin reserves. CEO of Hut 8 Asher Genoot stated the strategic relevance of this move: “By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital.”

This structure allows Hut 8 to concentrate on its wider goals. While American Bitcoin focuses on growing its mining operations. The company aims to drive Bitcoin Price stability by ensuring a steady mining output, benefiting investors and the crypto market.

Eric and Donald Trump Jr. Support the Initiative

Eric Trump, co-founder of American Bitcoin has strongly backed the venture, calling it a major step in making the U.S. a key player in Bitcoin mining. He stated: “It is a great honor to partner with Hut 8, a recognized leader in the Bitcoin space, as we launch American Bitcoin. By combining Hut 8’s proven operational excellence in data centers with our shared passion for BTC and decentralized finance, we are poised to strengthen our foundation and drive significant future growth.”

His brother, Donald Trump Jr., also expressed his enthusiasm for this initiative, pointing out the economic advantages of mining instead of just holding BTC: “From the start, we’ve backed our conviction in Bitcoin—personally and through our businesses. But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.” With this backing, American Bitcoin is expected to scale operations quickly, attracting investors looking to gain exposure to BTC mining through a Trump-backed venture.

Hut 8 and American Bitcoin’s Impact 

Hut 8 is a leading BTC mining company known for its large-scale operations in digital asset infrastructure. It specializes in high-performance and some of the most energy-efficient mining facilities in America. With a strong focus on sustainability, it has established itself as a major player in the Bitcoin mining industry. 

The launch of American Bitcoin marks a major expansion in the U.S. BTC mining space. With Hut 8’s infrastructure and the Trump family’s influence, this project is positioned to make an impact. As institutional interest in BTC mining grows this development could play a role in shaping the Bitcoin Price and market stability. Investors and industry experts will be watching closely to see how American Bitcoin evolves in the coming months.

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