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Eric Trump Says Family Launching Bitcoin Mining Venture
Posted
April 4, 2025
Views
11,849
Likes
258
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28
Engagement
2.41%
April 4, 2025
11,849
258
28
2.41%
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1:32Now PlayingThe Trump family is set to launch a Bitcoin mining-focused venture with Hut 8 Corp., the latest expansion of the US president’s ties to the cryptocurrency sector.
Hut 8 is launching American Bitcoin Corp. as a majority-owned subsidiary, focused exclusively on Bitcoin mining and “strategic Bitcoin reserve development,” the Miami-based company said in a statement Monday.
During the presidential campaign, Donald Trump vowed to ensure that all remaining Bitcoin is “made in the USA” and to establish a Bitcoin reserve. Trump used to be a skeptic about digital assets but pivoted to embracing the sector on the campaign trail, in part as the industry ramped up its involvement in the election through sizable political donations.
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