American Bitcoin: Trump Family Dives Into Crypto Mining Industry

Trump Brothers Dive Into Crypto Mining With Launch of ‘American Bitcoin’

Eric Trump and Donald Trump Jr. are entering the bitcoin mining arena, teaming up with publicly traded crypto infrastructure company Hut 8 to form a new venture, American Bitcoin.

In a deal announced Monday, the Trump brothers’ company, American Data Centers, will merge into the new venture, taking a 20% stake. Hut 8 will own the remaining 80% and contribute around 61,000 bitcoin mining machines. Notably, the agreement involved no cash exchange—just infrastructure and equity.

Eric Trump, named chief strategy officer of American Bitcoin, described the initiative as an extension of the family’s commitment to hard assets. “Bitcoin is the future of value storage,” he said, drawing comparisons to real estate. Plans are already underway to build a sizable BTC reserve, and a public listing may be in the cards.

Though American Bitcoin operates independently of the Trump Organization, collaboration with the Trump-backed World Liberty Financial DeFi platform remains a possibility.

Hut 8’s U.S.-based data centers will power the mining operations, capitalizing on low-cost energy and scalable infrastructure. CEO Asher Genoot said this gives the company a “strategic advantage in the global mining ecosystem.”

The board of directors includes major players such as Tinder co-founder Justin Mateen and FabFitFun co-founder Michael Broukhim. While environmental concerns around mining persist, Eric Trump believes America’s energy edge will help miners outperform international rivals.