Trump Sons Launch ‘American Bitcoin’ Mining Venture With Hut 8

Eric Trump and Donald Trump Jr. are making a bold entry into the crypto mining industry through a new partnership with Hut 8, forming a venture called American Bitcoin.

The Trump brothers’ firm, American Data Centers, will merge into the new company, receiving a 20% ownership stake. Hut 8, which will control the remaining 80%, is contributing over 60,000 mining rigs to power the operation. No money changed hands in the deal, which is focused entirely on strategic assets and infrastructure.

Eric Trump, taking on the role of Chief Strategy Officer, framed the initiative as part of the family’s long-term vision. “We see bitcoin as a modern hard asset,” he said. “American Bitcoin will focus on building a serious BTC reserve and scaling aggressively.”

Though the venture is separate from the Trump Organization, future alignment with their decentralized finance project, World Liberty Financial, remains on the table.

Mining operations will be hosted across Hut 8’s 11 U.S. data centers, leveraging cost-effective energy and optimized infrastructure. Hut 8 CEO Asher Genoot highlighted the venture’s potential to be a major player in U.S.-based mining.

High-profile tech entrepreneurs—including Justin Mateen of Tinder and Michael Broukhim of FabFitFun—will serve on the board. Despite ongoing debates around bitcoin mining’s environmental footprint, the Trump team sees U.S. efficiency as a global advantage.