Eric Trump and Donald Trump Jr. to Launch American Bitcoin Mining Venture

Eric Trump and Donald Trump Jr. have partnered with Miami based Hut 8 to establish a new Bitcoin mining company named American Bitcoin.

Announced on Monday, this collaboration marks a bold step for the Trump family into the evolving world of cryptocurrency, aligning with broader industry trends toward mainstream adoption. Hut 8, a well-known player in the crypto mining sector, has merged the bulk of its mining operations into American Data Centers, a firm recently rebranded as American Bitcoin. This entity, backed by a group of investors including the Trump brothers, has granted Hut 8 an 80% stake in the newly formed company.

The launch of American Bitcoin underscores the Trump family’s growing footprint in the crypto space, a sector that has garnered increasing attention from both investors and policymakers. President Donald Trump has publicly positioned himself as a champion of digital currencies, pledging to become the “crypto president” and drive their widespread use across the United States.

This family-led venture appears to be a tangible extension of that vision, with Eric Trump stepping into the role of chief strategy officer and Donald Trump Jr. emphasizing the strategic importance of Bitcoin mining. In a statement, Donald Trump Jr. highlighted their long-standing belief in Bitcoin, noting that while purchasing the cryptocurrency is valuable, mining it with favorable economics unlocks even greater potential.

A Strategic Focus on Mining and Growth

American Bitcoin aims to prioritize Bitcoin mining as its core operation while simultaneously building a strategic reserve of the cryptocurrency. Leading the company as CEO is Matt Prusak, who will work alongside Eric Trump to steer its direction. The company has ambitious plans for the future, including an eventual public listing to broaden its access to capital markets.

This move is expected to enhance its operational scale and financial flexibility as it carves out a niche in the competitive mining landscape. Meanwhile, Hut 8 will sharpen its focus on energy and digital infrastructure, leveraging its role as American Bitcoin’s exclusive infrastructure and operating partner to support the new venture’s growth.

The market response to the announcement was swift, with U.S.-listed shares of Hut 8 climbing 6.4% in premarket trading on Monday. However, this uptick follows a challenging year for the company, with its stock declining 42.8% year-to-date as of the last close. The partnership with the Trump brothers could signal a turning point, offering a fresh narrative for investors amid a volatile crypto market.