By CWEB News
Eric and Don Trump Jr., prominent figures in real estate and investment, are expanding their influence in the cryptocurrency sector with the launch of American Bitcoin, a new Bitcoin mining enterprise. In collaboration with Hut 8 Mining Corp., a leading crypto infrastructure company, the Trump brothers’ firm, American Data Centers, will merge with Hut 8 to form a joint entity to leverage cutting-edge infrastructure and expand mining operations across North America.?
According to The Wall Street Journal, the Trump brothers will hold a 20% stake in the newly formed company, while Hut 8 retains majority ownership at 80%. As part of the deal, Hut 8 will contribute 61,000 Bitcoin mining machines, significantly boosting operational capacity. The merger marks a strategic pivot for Eric and Don Jr., who founded American Data Centers in February 2025 alongside Dominari, a boutique investment firm with ties to Trump Tower.
This venture builds on the Trump family’s growing footprint in crypto. In 2024, the brothers launched World Liberty Financial, a platform offering two proprietary digital currencies. They also introduced the $TRUMP meme coin ahead of Donald Trump’s presidential inauguration, capitalizing on their political and financial influence.
Eric Trump, appointed Chief Strategy Officer of American Bitcoin, emphasized the venture’s role in diversifying the Trump family’s portfolio. “Bitcoin serves as a critical hedge against traditional assets like real estate,” he stated, hinting at plans to establish a Bitcoin reserve and potentially pursue an initial public offering (IPO). Don Trump Jr., meanwhile, underscored the dual strategy of mining and acquiring cryptocurrency to maximize growth. “Mining operations are foundational to securing long-term profitability in this space,” he noted.
CWEB analysts suggest the move could reshape crypto investment strategies. “Mining ventures like American Bitcoin offer investors a way to diversify beyond holding digital assets, tapping into the infrastructure that powers the blockchain ecosystem,” said a CWEB market strategist.?
With Hut 8’s established expertise and the Trump brothers’ business acumen, American Bitcoin aims to position itself as a dominant player in the rapidly evolving crypto-mining sector. As regulatory landscapes shift and Bitcoin adoption grows, industry watchers will be monitoring whether this high-profile partnership can deliver on its ambitious goals.?
CWEB News will continue to track developments in this story.
