Trump Family Invests in Bitcoin Mining with New Venture

The Trump family is stepping deeper into the world of cryptocurrency by launching a new Bitcoin mining venture. Eric Trump and Donald Trump Jr. have partnered with Hut 8, a publicly traded crypto infrastructure company, to form American Bitcoin. This large-scale U.S.-based firm will leverage Hut 8’s existing equipment and data centers for a significant footprint in Bitcoin mining. 80% of American Bitcoin will belong to Hut 8, while the Trump family will hold 20%. They aim to build up a significant Bitcoin reserve, potentially take the company public, and establish themselves as major players in the industry.