#AmericanBitcoinLaunch American Bitcoin Corp. has officially launched as a new venture focused on industrial-scale Bitcoin mining and strategic reserve development. This initiative is a majority-owned subsidiary of Hut 8, a publicly listed Bitcoin mining firm, with Eric and Donald Trump Jr. among the investors ¹ ².
Here are the key highlights:
- *Launch Details*: American Bitcoin Corp. launched on March 31, 2025, with Hut 8 holding 80% ownership.
- *Partnership*: The Trump family has partnered with Hut 8, combining their business expertise with Hut 8's operational know-how in Bitcoin mining.
- *Goals and Objectives*: American Bitcoin aims to become the world's largest and most efficient pure-play Bitcoin miner, targeting over 50 exahashes per second and an average fleet efficiency of less than 15 joules per terahash ¹ ².
- *Leadership Team*: The initial leadership team includes Mike Ho as Executive Chairman, Matt Prusak as Chief Executive Officer, and Eric Trump as Chief Strategy Officer.
- *Trump Family Involvement*: This venture marks a significant expansion of the Trump family's involvement in the cryptocurrency sector, with Donald Trump Jr. highlighting the growth opportunities in mining Bitcoin under favorable conditions.
