Trump Family Launches Bitcoin Mining Venture

Hut 8 announced a new majority-owned subsidiary called American Bitcoin, formed through merger with American Data Centers—a company established by Eric Trump and Donald Trump Jr. The venture focuses on industrial-scale bitcoin mining and strategic bitcoin reserve development. Hut 8 contributed substantially all its mining machines for an 80% stake, while the Trump brothers retain 20%. The company clarified its operations are separate from the U.S. strategic bitcoin reserve established by presidential executive order Read More