NEWSLETTER
Two of President Trump's children <a target="_blank" class="css-yywogo" href="https://hut8.com/2025/03/31/hut-8-and-eric-trump-launch-american-bitcoin-to-set-a-new-standard-in-bitcoin-mining/” title=”” rel=”noopener noreferrer” target=”_blank”>announced On Monday, they were investing in a new bitcoin mining company, an expansion of family's commercial interests in the cryptographic industry.
Eric Trump and Donald Trump Jr. said they would join forces with the bitcoin Hut 8 mining company to create a company called American bitcoin. bitcoin Mining is a lucrative branch of the cryptographic industry, in which large companies manage energy consumption machines that help process bitcoin transactions.
“From the beginning, we have supported our conviction in bitcoin, personally and through our business,” said Donald Trump Jr. in a statement. “But simply buying bitcoin is just half of the story. Minar it in a favorable economy opens an even greater opportunity.”
According to the terms of the agreement, Hut 8 will control 80 percent of the new company, and the other 20 percent goes to a commercial entity called American Data Centers Inc. whose investors include Trump's two children. Monday's announcement by Hut 8 listed Eric Trump as co -founder of the new mining company and said it would serve as its strategy director.
The mining project is the third large cryptographic company that the Trump family has begun during the past year. During the campaign, Donald Trump and his children launched a cryptographic company, World Liberty Financial, which offers two types of digital currencies, including a callcoin call presented last week.
Then, on the eve of the inauguration of Mr. Trump, he and his wife, Melania Trump, launched a memecoin, a type of cryptocurrency based on a joke or mascot online.
These commercial companies have created some of the most open interest conflicts in the history of the US presidency, according to government ethics experts. Since assuming the position, Trump has relaxed the application of the cryptographic industry and has announced the creation of a storage of the bitcoin government and other digital currencies.
Four years ago, Trump was a cryptographic skeptic that fired bitcoin as a “scam.” Now, regularly promises to turn the United States into the “cryptographic capital of the planet.”
bitcoin Mining has been among the most criticized characteristics of the cryptographic industry. When bitcoin was an investment of niche and novelty, anyone could execute a computer program to help process bitcoin transactions, winning new bitcoins as a reward.
But as the industry grew, the amount of computer energy required for mining shot. Companies that quote on a stock market as HUT 8 RUN SPRAWLING Data Centers full of servers that feed bitcoin transactions. These mining operations have generated complaints from environmental organizations and people living near the noisy machines.
The origins of the Trump family mining company date back to February, when the investment firm Dominari Holdings announced The creation of American Data Centers Inc. At that time, Eric Trump, a member of the Dominari Advisory Board, said the company was designed to develop computer infrastructure for the artificial intelligence industry.
For now, however, the goal is bitcoin Mining. The Trump family company will focus on executing bitcoin mining machines and establishing a large cryptocurrency reserve, according to the announcement. TO <a target="_blank" class="css-yywogo" href="https://x.com/AmericanBTC/status/1906670836733313459″ title=”” rel=”noopener noreferrer” target=”_blank”>mail In the new company x, he said Eric Trump would present his “vision and strategy” for bitcoin Americans in a live broadcast on Tuesday.
(Tagstotranslate) Virtual Curren
