Trump family enters Bitcoin mining industry with American Bitcoin 20% stake in Hut 8
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Per a press release issued on March 31, the venture emerged following Hut 8’s transfer of a substantial portion of its ASIC mining assets to American Data Centers Inc., which was subsequently renamed American Bitcoin.
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Eric and Donald Trump Jr. partner with Hut 8 to launch U.S-based bitcoin mining company
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The mining operations target a hash rate exceeding 50 exahashes per second... In parallel, the firm will focus on building a strategic Bitcoin reserve
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