Trump Family Enters Bitcoin Mining With New Venture, American Bitcoin

Article

Name

Trump Family Enters Bitcoin Mining With New Venture, American Bitcoin

Description

The Trump family is deepening its involvement in cryptocurrency with a major move into bitcoin (BTC) mining, according to a Hut 8 press release.

Types

Authors

James Van Straten

Publish date

12:00am, Monday, March 31, 2025

Publisher

Web URL

https://www.coindesk.com/markets/2025/03/31/trump-family-enters-bitcoin-mining-with-new-venture-american-bitcoin

Referenced by

CEO Asher Genoot said low energy costs and scalable infrastructure will give American Bitcoin a competitive edge.

Crypto news

Hut 8 will own 80% of American Bitcoin, supplying the mining hardware and hosting operations at its 11 U.S. data centers to ensure low-cost, large-scale bitcoin production.

Crypto news

Eric and Donald Trump Jr. partner with Hut 8 to launch U.S-based bitcoin mining company

Crypto news