Trump's Second Son Co-founds Mining Company 'American Bitcoin' with Hut8…"Trump's Eldest Son Also Invests"

The virtual asset (cryptocurrency) mining company Hut8 announced that it has established the mining company 'American Bitcoin (BTC)' together with Donald Trump's eldest and second sons.

On the 31st (local time), Hut8 stated in a press release, "Eric Trump, the second son of Trump, has co-founded a pure Bitcoin mining company 'American Bitcoin'," and added, "It will become the largest and most efficient Bitcoin mining company in the world." Furthermore, they mentioned their intention to contribute to building a strategic Bitcoin reserve and expressed plans to list on the stock market in the future.

To achieve this, Hut8 has transferred most of its ASIC miners to American Bitcoin in exchange for acquiring an 80% stake in the mining sector. Additionally, Eric Trump plans to be active in the leadership team of American Bitcoin. Donald Trump Jr., Trump's eldest son, has participated in the related investment.

Eric Trump, co-founder of American Bitcoin, stated, "With a passion for Bitcoin and decentralized finance (DeFi), we will lead the growth of the virtual asset market in the future."

Donald Trump Jr. said, "We have been practicing our belief in Bitcoin. Beyond simply buying Bitcoin, mining it under economically favorable conditions will create greater opportunities."