By Key Points
- Trump Bitcoin Mining Plan Launches with Hut 8 Powerhouse
- New firm targets over 50 EH/s for industrial-scale BTC mining
- Hut 8 owns 80% of the venture, leads infra and financial ops
- Trump family deepens crypto push with USD1 and Binance.US interest
In a bold move shaking up the crypto mining space, Hut 8 has joined forces with Eric Trump and Donald Trump Jr. to launch American Bitcoin Corp, a new industrial-scale Bitcoin mining firm. This alliance reflects not just a business expansion, but a signal of deeper political and economic interest in crypto from one of America’s most high-profile families.
The venture is aiming high—targeting over 50 EH/s (exahashes per second), a benchmark that would place it among the largest mining operations globally. Hut 8 brings the hardware, infrastructure, and operational expertise, while the Trump brothers deliver strategic leadership and visibility.
Hut 8 launches ‘American Bitcoin’ mining firm
Backed by Eric Trump and Donald Trump Jr.
While people are worrying about the daily price action, President Trump and Eric Trump are building the infrastructure to take crypto to the next level 🫡 pic.twitter.com/FJysBM23yW
— Gordon (@AltcoinGordon) March 31, 2025
The deal was formalized through the transformation of American Data Centers Inc.—a company backed by Trump-affiliated investors—into the newly minted American Bitcoin Corp. Hut 8 now holds an 80% ownership stake, consolidating its financials under its broader corporate umbrella while letting the new entity run as a focused BTC mining unit.
California’s bold Bitcoin rights bill is another example of the growing institutional shift toward pro-crypto policies, and the Trump-backed American Bitcoin could ride that wave.
🚨 Trump Family Launching Bitcoin Mining Venture with Hut8.
Hut Transfers all Bitcoin ASICS to “American Bitcoin Corp”, a majority-owned subsidiary created by a previous buyout of American Data Centers, formed by group of investors that includes Eric & Don Jr.
Eric Trump to… pic.twitter.com/87dyHaIR4O
— matthew sigel, recovering CFA (@matthew_sigel) March 31, 2025
Trump Family Pushes Deeper into the Crypto Ecosystem
The Trump family’s crypto ambitions don’t end at mining. Eric Trump, now Chief Strategy Officer at American Bitcoin, expressed optimism about combining the family’s belief in decentralized finance (DeFi) with Hut 8’s established infrastructure. He stated,
“We are poised to strengthen our foundation and drive significant future growth.”
Donald Trump Jr. echoed the sentiment, highlighting a long-term commitment to Bitcoin across both personal and business fronts. He noted that Bitcoin mining economics are becoming increasingly favorable, and this venture creates a fresh opportunity for investors to ride the next wave of growth in BTC.
$AB
3SZJn7iGgYasdgH3TTHrpqDN5pJ4YyLk7aBi6d4Apump
400k nowhttps://t.co/MgbrsrMUb7dyor – 🚨 BREAKING: Donald Trump Jr. & Eric Trump @EricTrump partner with Hut 8 @Hut8Corp to launch American Bitcoin @AmericanBTC, aiming to build the world’s largest $BTC mining firm with… pic.twitter.com/ocQoexq0SA
— memewizd (@memewizd) March 31, 2025
Asher Genoot, CEO of Hut 8 and a member of American Bitcoin’s board, explained the rationale behind forming a separate entity. He said the move allows Hut 8 to align each business segment with its cost structure, offering better capital efficiency and sharper business focus.
But this is just one piece of the Trump family’s expanding crypto chessboard.
Recently, their crypto venture World Liberty Financial launched USD1, a fully-backed stablecoin pegged to US Treasuries, dollars, and cash equivalents. It’s designed to support secure cross-border transactions for both retail and institutional investors.
In addition, reports suggest the family is exploring acquisition of a stake in Binance.US, the American branch of the world’s largest crypto exchange. While no deal has been finalized, the possibility alone has the market buzzing.
The strategy seems clear: use influence, capital, and visibility to position the US as a leader in digital assets—a narrative that aligns well with former President Donald Trump’s public stance on American dominance in emerging technologies.
Crypto investor Gordon summarized it succinctly:
For context, Trump recently made headlines again when he shocked the crypto world with a pardon for the BitMEX founder, further proving his growing engagement with the crypto ecosystem.
What’s Next for American Crypto and Bitcoin Mining?
While American Bitcoin Corp is just beginning, its launch comes at a time when the US crypto landscape is evolving fast. From regulatory moves to high-profile hacks, every development plays into the larger narrative.
Just days ago, a massive exploit wiped out $355K in Ethereum’s first Dencun upgrade hack, highlighting the need for more secure and enterprise-grade blockchain infrastructure—something companies like Hut 8 and now American Bitcoin aim to provide.
Meanwhile, the Trump family’s growing involvement also raises questions. Some market watchers are concerned about political influence, especially after a recent Trump crypto corruption warning triggered fears of market manipulation.
With Ethereum preparing its 2025 comeback via the Pectra upgrade, and state-level initiatives like California’s Bitcoin rights bill pushing the agenda, America could be heading into a crypto arms race—not just between tech firms, but also political players.
Bitcoin (BTC) Price Performance. Source: Techtoken
Even on the security front, threats persist. A new Android malware named Crocodilus is targeting crypto wallets across mobile devices, showing how crypto expansion must go hand-in-hand with robust cyber defenses.
As of writing, Bitcoin (BTC) is trading at $82,199, down 1.13% in the past 24 hours, according to BeInCrypto. While the market hasn’t immediately reacted to the American Bitcoin Corp news, analysts believe the long-term impact could be massive—especially if political capital continues flowing into mining and DeFi infrastructure.
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