Donald Trump Jr. and Eric Trump announced Monday the launch of “American Bitcoin,” a new cryptocurrency mining company created through a partnership with publicly traded firm Hut 8.
The deal gives Hut 8 an 80% stake in the new entity, while the Trump brothers’ American Data Centers Inc. will hold the remaining 20%. Eric Trump will serve as the firm’s chief strategy officer. Donald Trump Jr. described mining as “an even bigger opportunity” in the family’s pro-crypto moves so far. (RELATED: Trump Puts Kibosh On Idea For Fed Digital Currency With One Stroke Of His Pen)
“From the start, we’ve backed our conviction in Bitcoin — personally and through our businesses,” Donald Trump Jr. said in a Hut 8 press release. “But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity. We’re excited to bring investors…
