Trump Brothers Strike Crypto Gold with “American Bitcoin” Mining Venture
The Trump family is doubling down on digital assets. Eric Trump and Donald Trump Jr. are diving into the world of bitcoin mining through a new venture called American Bitcoin, formed in partnership with publicly traded crypto infrastructure heavyweight Hut 8.
The deal sees the Trump brothers’ firm, American Data Centers, merging with the new venture, taking a 20% stake, while Hut 8 holds the remaining 80%. No money changed hands—instead, Hut 8 is contributing around 61,000 mining rigs to jumpstart operations.
Eric Trump, who will step in as Chief Strategy Officer, described bitcoin as a “hard asset for a new era,” likening the company’s strategy to the Trump family’s legacy in real estate. He also floated the idea of taking the company public down the line.
While American Bitcoin operates independently from the Trump Organization, future collaborations with the Trumps’ DeFi initiative World Liberty Financial are on the table.
Mining operations will run out of Hut 8’s 11 U.S.-based data centers. CEO Asher Genoot believes low-cost energy and existing infrastructure give the venture a significant edge in a competitive global market.
The board includes tech veterans like Tinder co-founder Justin Mateen and FabFitFun’s Michael Broukhim. Despite ongoing environmental debates around bitcoin mining, Eric Trump said he’s confident American miners can outperform global rivals thanks to U.S. energy advantages.
