#AmericanBitcoinLaunch In March 2025, Eric Trump and Donald Trump Jr. announced the launch of **American Bitcoin**, a new bitcoin mining venture in collaboration with Hut 8, a Florida-based software company. The initiative aims to establish American Bitcoin as the world's largest and most efficient pure-play bitcoin miner while building a robust strategic bitcoin reserve.
Under the partnership, Hut 8 will own 80% of American Bitcoin, with American Data Centers holding the remaining 20%. Matt Prusak has been appointed as CEO, and Eric Trump will serve as the chief strategy officer. The venture plans to achieve a processing power exceeding 50 exahashes per second (EH/s) with an average fleet efficiency of less than 15 joules per terahash (J/TH). Additionally, there are intentions to take the company public to enhance access to capital.
This move reflects the Trump family's growing involvement in the cryptocurrency sector. President Donald Trump has previously expressed support for mainstream cryptocurrency adoption in the United States. Furthermore, Eric Trump recently announced the launch of a stablecoin named World Liberty Financial, backed by the US dollar and other equivalents, emphasizing stability in the crypto market.
The establishment of American Bitcoin aligns with broader initiatives to position the United States as a leader in the digital asset space. In January 2025, President Trump signed an executive order to establish a strategic bitcoin reserve, aiming to make the U.S. the "Crypto Capital of the World." citeturn0search15
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