Eric Trump and Donald Trump Jr.’s firm, American Data Center, has partnered with Hut 8 to launch American Bitcoin, a mining venture that aims to become a leading Bitcoin miner while building a strategic Bitcoin reserve.
Strategic Partnership with Hut 8
The Trump family is expanding its footprint in the cryptocurrency space with a new Bitcoin mining venture. Eric Trump, in collaboration with Miami-based Hut 8, has launched American Bitcoin, a mining operation designed to capitalize on favorable mining economics and expand Bitcoin reserves.
On Monday, American Data Centers—founded by Eric Trump and Donald Trump Jr.—announced its merger with American Bitcoin. As part of the agreement, Hut 8 will contribute the majority of its Application-Specific Integrated Circuit (ASIC) miners in exchange for an 80% stake in the company, while American Data Centers retains 20%.
A Vertically Integrated Mining Model
Hut 8 CEO Asher Genoot emphasized the strategic benefits of the partnership, stating that it creates a vertically integrated business model that combines energy and infrastructure expertise with Bitcoin mining operations.
In an interviews, Genoot said,
“One that is energy, infrastructure data centers, and the other one that’s Bitcoin, ASICs, and reserves, and together they form a vertically integrated company that has some of the best economics out there.”
The new corporate structure is designed to provide investors with direct exposure to Bitcoin through American Bitcoin while also allowing investment in the infrastructure and energy aspects via Hut 8.
American Bitcoin’s Ambitions
According to the official announcement, American Bitcoin aims to establish itself as the world’s most efficient pure-play Bitcoin miner while simultaneously building a substantial strategic Bitcoin reserve.
CEO Matt Prusak will lead the company, with Eric Trump serving as chief strategy officer. Donald Trump Jr. highlighted the family’s commitment to the cryptocurrency sector, stating:
“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.”
The announcement of the merger had an immediate market impact, with U.S.-listed shares of Hut 8 rising 6.4% in premarket trading, though the stock has declined 42.8% year-to-date.
Broader Crypto Strategy
The Trump family’s increasing involvement in the crypto industry comes as digital assets gain mainstream traction. The latest mining venture follows the launch of World Liberty Financial in October and the USD1 stablecoin in March.
President Donald Trump has been maintaining his campaign pledge to be a “crypto president” by promoting digital assets in the U.S. financial system. With this latest move, the Trump family continues to position itself at the forefront of the evolving crypto landscape.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
