Donald Trump Jr. and Eric Trump are supporting a Bitcoin
The project is tied to Hut 8, a company that runs digital asset infrastructure and mining operations.
On March 31, Hut 8 shared that it had taken a majority stake in American Bitcoin, which used to be known as American Data Center. The company will run the mining equipment that was previously owned by Hut 8.
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Donald Trump Jr. said the founders of American Data Center are invested in Bitcoin not just through business but personally as well. He added that strong market conditions create new chances for mining and that this project will give others the opportunity to take part in Bitcoin’s long-term potential.
Though the mining will continue to be managed by Hut 8’s technical team, it will operate under the American Bitcoin name. The new company’s goal is to grow into a leading mining firm focused solely on Bitcoin while also building a reserve of the digital asset.
Hut 8’s CEO, Asher Genoot, explained that this change is a key step in the company’s plan. By setting mining operations apart from the rest of the business, each side can handle its own costs and funding. Genoot said the decision allows Hut 8 to work with more stability and helps American Bitcoin focus on producing more Bitcoin and increasing its mining power.
On March 24, Trump Media announced a partnership with Crypto.com
$2.74B
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