Trump Family Expands Crypto Ventures with New Bitcoin Mining Company
March 31, 2025
By David Yaffe-Bellany
In a significant step further into the cryptocurrency landscape, Eric Trump and Donald Trump Jr. have announced the launch of a new Bitcoin mining venture, dubbed American Bitcoin. This initiative is a partnership with Hut 8 Mining Corp., a notable player in the industry, marking yet another expansion of the Trump family’s business interests in the burgeoning world of digital currency.
A Strategic Partnership in Bitcoin Mining
Eric Trump and Donald Trump Jr. revealed the partnership on Monday, sharing their enthusiasm for Bitcoin mining—a sector known for its potential profitability but also for its significant energy consumption. The new firm, American Bitcoin, emerges from a merger between Hut 8 and another unspecified entity, which is now part of their business model.
“Hut 8 will control 80 percent of the new company, while American Data Centers, which includes the Trump sons as investors, will retain the remaining 20 percent,” the announcement details. Notably, Eric Trump has been designated as co-founder and chief strategy officer of American Bitcoin, highlighting his role in shaping the company’s strategic direction.
In a statement, Donald Trump Jr. emphasized their commitment to the Bitcoin market. “From the start, we’ve backed our conviction in Bitcoin, personally and through our businesses," he articulated. “But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.”
Broader Crypto Ventures by the Trump Family
The formation of American Bitcoin is not the Trump family’s first foray into the cryptocurrency sector. Over the past year, the family has initiated several ventures related to cryptocurrencies. These include the launch of World Liberty Financial, a company that offers a range of digital currencies, including a newly unveiled stablecoin. Additionally, just before Donald Trump’s inauguration, both he and Melania Trump introduced a memecoin—a type of cryptocurrency inspired by internet jokes or themes.
The Trump family’s ventures in cryptocurrency reflect a growing interest in the industry and a belief in its potential for substantial future returns. As Bitcoin continues to gain traction among investors and the general public alike, projects like American Bitcoin may further establish the Trump family’s presence in this rapidly evolving market.
As the cryptocurrency landscape remains dynamic and often contentious, the success of American Bitcoin—and the broader ambitions of the Trump family’s crypto interests—will be closely monitored by industry watchers and analysts alike.
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