Trump's Sons Create a New Bitcoin Mining Standard

The announcement of the creation of American Bitcoin appeared in a press release from Hut 8 Corp. The crypto community expects that the initiative will have a significant impact on the development of the industry.

The launch of American Bitcoin was made possible by the strategic transfer of most of Hut 8's ASIC miners to a new structure - American Data Centers, Inc., later renamed American Bitcoin. Hut 8 now owns 80% of the shares of this company, which will focus exclusively on Bitcoin mining and accumulation of BTC reserves.

The Trump sons' project is reportedly linked to Donald Trump's broader initiative to create a Bitcoin-based cryptocurrency reserve in the United States. To achieve the company's goals, long-term commercial agreements are being entered into to ensure that American Bitcoin is provided with the necessary infrastructure to host and operate ASIC miners.

Eric Trump, one of the co-founders of American Bitcoin, expressed his excitement about the collaboration with Hut 8. According to him, the combination of Hut 8's experience and their commitment to the development of Bitcoin mining creates great prospects for accelerated growth of the company. Donald Trump Jr. also noted that the project can contribute to the growth of Bitcoin and strengthen its position in the market.

American Bitcoin aims to become the largest and most efficient cryptocurrency mining company in the world. The organization plans to achieve a productivity of more than 50 exahashes per second (EH/s) with a farm efficiency of less than 15 joules per terahash (J/TH).

The company also plans to create a strategic reserve of bitcoins, which will become a valuable asset for the decentralized finance ecosystem. This, according to company representatives, will strengthen the position of BTC as an important financial instrument.

Hut 8 CEO Asher Genuth emphasized the importance of the launch of American Bitcoin, explaining that the allocation of the mining business into a separate legal entity will allow for more efficient capital management and the achievement of set goals.

As part of the deal, Hut 8 transferred its ASIC miners to American Data Centers in exchange for a controlling stake. American Bitcoin's management includes Mike Ho (executive chairman), Matt Prusak (CEO), and Eric Trump (chief strategy officer). The board of directors also includes Asher Genuth, Justin Mateen, and Michael Broekhim.

Hut 8 will continue to provide critical infrastructure services, including data center management and equipment maintenance, which will ensure the stability and scalability of American Bitcoin's operations.

Crypto bloggers are actively discussing the new project of Trump's sons. According to popular commentators like @AltcoinGordon and Crypto Rover, the initiative could positively impact the market and further promote Bitcoin adoption.

Some in the crypto community believe that the project is aimed at turning Bitcoin mining into a strategically important industry in the United States. Donald Trump has previously expressed a desire to ensure that the remaining BTC is mined exclusively in the country.

In March 2025, Dominari Holdings, an investment company associated with Donald Trump Jr. and Eric Trump, announced a $2 million investment in BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF.

Based on Trump Tower in New York City, Dominari Holdings has chosen to use the route of a regulated ETF, which simplifies regulatory compliance and accounting. The move shows that the Trumps are interested in further investing in cryptocurrency through legal and regulated entities.

At the same time, some in the crypto community are accusing Eric Trump of market manipulation. However, the American Bitcoin project is attracting the attention of investors and analysts who see the potential for a major impact on the industry.