Hut 8 Corp., a prominent energy infrastructure platform, has partnered with Eric Trump and Donald Trump Jr. to establish American Bitcoin Corp., a new subsidiary dedicated to industrial-scale Bitcoin mining and the development of a strategic Bitcoin reserve.
In this strategic move, Hut 8 contributed the majority of its ASIC miners to American Data Centers Inc., a company formed by investors including Eric and Donald Trump Jr. Following the transaction, American Data Centers was rebranded as American Bitcoin, with Hut 8 retaining an 80% ownership stake and the remaining 20% held by the original investors.
American Bitcoin aims to become the world’s largest and most efficient pure-play Bitcoin miner, with a target of achieving over 50 exahashes per second (EH/s) at an average fleet efficiency of less than 15 joules per terahash (J/TH). The company also plans to build a robust strategic Bitcoin reserve.
The leadership team of American Bitcoin includes Mike Ho as Executive Chairman, Matt Prusak as Chief Executive Officer, and Eric Trump as Chief Strategy Officer. Donald Trump Jr. emphasized the family’s commitment to Bitcoin, stating that mining offers an opportunity to engage more deeply with the cryptocurrency beyond mere ownership.
Hut 8 will serve as American Bitcoin’s exclusive infrastructure and operations partner through a series of long-term commercial agreements, generating stable revenue streams for Hut 8’s power and digital infrastructure segments.
This venture represents a significant expansion of the Trump family’s involvement in the cryptocurrency industry, aligning with their broader strategy to promote decentralized financial systems.
Hut 8 Corp., American Bitcoin Corp., Bitcoin mining, Eric Trump, Donald Trump Jr., cryptocurrency, ASIC miners, strategic Bitcoin reserve, energy infrastructure, decentralized finance.
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