#AmericanBitcoinLaunch

The Trump family has expanded its involvement in the cryptocurrency sector with the launch of American Bitcoin, a new Bitcoin mining venture in collaboration with Hut 8 Corp. This initiative aims to establish American Bitcoin as the world's largest and most efficient pure-play Bitcoin miner while developing a substantial strategic Bitcoin reserve.

Key Details:

Partnership Structure: Hut 8 holds an 80% stake in American Bitcoin, with American Data Centers, associated with the Trump family, retaining the remaining 20%.

Leadership Team:

Eric Trump serves as the Chief Strategy Officer, leveraging his commercial acumen and commitment to decentralized financial systems.

Matt Prusak has been appointed as the CEO, bringing experience from his previous role as Chief Commercial Officer at Hut 8.

Operational Goals: The venture plans to achieve over 50 exahashes per second (EH/s) in mining capacity with an average fleet efficiency of less than 15 joules per terahash (J/TH).

This move aligns with President Donald Trump's broader strategy to promote the mainstream adoption of cryptocurrency in the United States. The establishment of American Bitcoin reflects the administration's commitment to positioning the U.S. as a leader in the digital asset space.

The announcement has garnered significant attention within the financial and cryptocurrency communities, with Hut 8's U.S.-listed shares experiencing a 6.4% increase following the news.