A new US-based Bitcoin mining venture, American Bitcoin Corp., has been launched by Hut 8 Corp., in partnership with Eric and Donald Trump Jr. The company aims to reach a 50 EH/s computing capacity, fueled by substantial investment from the Trumps’ family offices. 50 EH/s would mark a significant expansion for the crypto mining industry. This venture is being led by Hut 8 CEO Asher Genoot, who has stated that American Bitcoin will leverage its existing mining operations for sustainable growth. Eric Trump was appointed Chief Strategy Officer, while Donald Trump Jr. serves as co-founder and investor. 2023’s cryptocurrency market trends indicate potential demand increase for energy-efficient mining solutions driven by increased focus on sustainability.