Hut 8 has partnered with Eric Trump and Donald Trump Jr. to launch American Bitcoin, a new entity focused exclusively on industrial-scale Bitcoin mining and strategic reserve development.
The initiative is structured as a majority-owned subsidiary of Hut 8 and formalizes the Trump family’s continued investment in digital assets through equity, operational roles, and infrastructure alignment.
Per a press release issued on March 31, the venture emerged following Hut 8’s transfer of a substantial portion of its ASIC mining assets to American Data Centers Inc., which was subsequently renamed American Bitcoin.
Hut 8 now holds an 80% stake in the company, with the remaining interest controlled by a private investor consortium including Eric and Donald Trump Jr. The two sons of the sitting president are now directly involved in the leadership of the new mining company, with Eric Trump serving as Chief Strategy Officer.
Strategic Structure and Operational Alignment
Under the new framework, American Bitcoin’s operations will be managed through long-term commercial agreements with Hut 8, which will continue to act as the exclusive infrastructure and managed services partner.
The company will consolidate American Bitcoin’s results within its financial reporting while moving its mining operations under a distinct brand identity. This bifurcation aligns Hut 8’s business segments with their respective capital cost profiles, according to CEO Asher Genoot, who described the move as part of a broader strategy to optimize capital deployment and segment performance.
The mining operations target a hash rate exceeding 50 exahashes per second with an average fleet efficiency below 15 joules per terahash.
In parallel, the firm will focus on building a strategic Bitcoin reserve, reinforcing a broader trend of corporates adopting long-term Bitcoin holdings as part of treasury and risk diversification strategies.
American Bitcoin will initially be governed by a four-member board that includes Genoot, Mike Ho (Executive Chairman), and technology investors Justin Mateen and Michael Broukhim. Matt Prusak will lead as CEO.
Trump Family’s Broader Digital Asset Push
The launch of American Bitcoin follows a broader strategic alignment between the Trump family and the digital asset sector. As CryptoSlate previously reported, Donald Trump Jr. and Eric Trump have steadily expanded their crypto exposure through advisory roles, token investments, ETFs, and strategic equity…
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