Welcome to the World of Trump Family in Cryptocurrency
The Trump family continues to show interest in cryptocurrencies. Following the launch of the $TRUMP meme coin and the Bitcoin Plus ETF, the activities of the crypto venture World Liberty Financial with its DeFi protocol and the collaboration agreement between Trump Media and Crypto.com exchange, Donald Jr. and Eric Trump, the two elder sons of President Donald, are now venturing into Bitcoin mining.
American Data Centers (ADC), owned by Eric Trump and Donald Jr., will merge with American Bitcoin, a new mining company part of the Hut 8 ecosystem. The goal of American Bitcoin, in which the Trumps will hold 20% ownership, is to become the largest and most efficient Bitcoin miner globally while building a solid strategic reserve of Bitcoin. Additionally, Asher Genoot, the CEO of Hut 8, announced a merger with Gryphon Digital Mining to debut on the New York Stock Exchange with the ticker symbol ABTC in the third quarter of 2025.
Reasons behind Trumps’ Investment in Bitcoin Mining
Launched in February as a subsidiary of Dominari Holdings, American Data Centers is the Trumps’ vehicle into the digital asset world as a complement to their real estate business. Through the merger with Hut 8, American Bitcoin was created, with Eric Trump taking on the role of Chief Strategy Officer.
The agreement with Hut 8 involves the transfer of 61,000 specialized mining machines to American Bitcoin without any monetary exchange. Eric Trump mentioned that American Bitcoin aims to go public while remaining separate from the Trump Organization and Donald’s cryptocurrency strategic reserve. Potential collaborations with World Liberty Financial are also under consideration.
A Unique Approach to Bitcoin Mining by American Bitcoin
Bitcoin mining has a significant environmental impact, requiring a large amount of electricity, mostly generated from fossil fuels. To address this, American Bitcoin plans to leverage the recent drop in energy prices for sustainable mining. The company promises sustainable and low-cost Bitcoin mining by accessing low-cost energy sources and developing eco-friendly data centers.
Donald Trump Jr. expressed his enthusiasm for engaging investors in a platform designed to provide an authentic opportunity to participate in Bitcoin’s growth through favorable mining conditions.
Key Members of American Bitcoin
Apart from Eric Trump as the Chief Strategy Officer, American Bitcoin’s initial executive team includes Mike Ho as the Chairman and Matt Prusak as the CEO. Venture capital investors include Justin Mateen, co-founder of Tinder, and Michael Broukhim, co-founder of FabFitFun. The operations are supervised by Asher Genoot, Hut 8’s CEO.
Asher Genoot emphasized that the launch of American Bitcoin represents a fundamental evolution in their strategy and establishes a separation of mining operations to manage Bitcoin’s volatility efficiently.
