Eric Trump and Donald Trump Jr. have officially entered the Bitcoin mining industry and have partnered with Hut 8 to launch American Bitcoin, a new mining company that aims to become the world’s largest and most efficient Bitcoin mining operation.
The announcement, released on March 31, follows a strategic merger between American data centers and American Bitcoin, and is now operating as a majority subsidiary of HUT 8. Through this transaction, US data centers acquire 20% stake in US Bitcoin, and HUT 8 holds 80% ownership.
American Data Centers (ADC) is an AI infrastructure-focused company founded by Dominari Holdings in collaboration with two Trump sons. They are also part of the Dominali Holdings Advisory Committee.
Bitcoin in the US has set aggressive growth targets and plans to exceed 50 Eh/s while achieving fleet efficiency of less than 15 j/th. The company also lays the foundation for building strategic Bitcoin reserves. This is a move that demonstrates long-term trust in digital assets.
“We’re looking forward to seeing you in the US Bitcoin,” said Eric Trump, co-founder of American Bitcoin. “By sharing Hat8’s proven excellence in proven data centers and sharing our passion for Bitcoin and decentralized finance, we are poised to strengthen our foundation and drive significant future growth.”
Donald Trump Jr. has been added:
“From the beginning, we supported our belief in Bitcoin, personally and through our business. But buying Bitcoin is only half the story. Mining it in favorable economics opens up even greater opportunities.
“The launch of Bitcoin in America marks a pivotal evolution in platform strategy,” said Asher Genoot, CEO of Hut 8.
The new company’s leadership team will feature Mike Haw as executive chairman, Matt Prusac as chief executive and Eric Trump as chief strategy officer. The board consists of Mike Ho, Usher Genyott, Justin Mateen and Michael Brukim.
HUT 8 will serve as the exclusive infrastructure and operational partner for Bitcoin in the United States through long-term commercial agreements that provide ASIC colocation services, managed services and day-to-day management through shared services agreements.
