Canadian bitcoin miner Hut 8 has joined forces with American Data Centers, a firm backed by the Trumps—Eric and Donald Jr.—to launch a new mining company, American Bitcoin. This move deepens the family’s involvement in the cryptocurrency industry. Under a merger agreement, Hut 8 will hold an 80% stake in American Bitcoin, overseeing operations through a shared services contract while the Trump-backed firm retains 20%. American Bitcoin plans to deploy over 60,000 ASIC machines to its own independent mining operation. Following the announcement, Hut 8’s stock price jumped more than 6%, though it remains down 46% year-to-date due to post-halving revenue challenges.