What began as an informal pizza meeting in Florida has now evolved into an ambitious crypto venture. Eric Trump, the son of former U.S. President Donald Trump, has teamed up with executives from Hut 8 — one of the world’s largest Bitcoin miners — to launch a new company called American Bitcoin.
The company’s mission is clear: capitalize on the growing demand for U.S.-based Bitcoin mining and strategically leverage the Trump family name to access capital markets and strategic partnerships.
The Trump Name as a Business Weapon
According to U.S. media, Hut 8 owns an 80% stake in the new firm, while Eric Trump and a group of investors, including former shareholders of American Data Centers, hold the remaining 20%. Trump is officially listed as a co-founder and is actively involved in forming strategic alliances.
American Bitcoin will be based in the U.S. and will focus exclusively on domestic Bitcoin mining — a hot topic amid geopolitical tensions and growing demand for transparent, onshore crypto infrastructure.
The company also targets institutional investors seeking trustworthy players in the crypto mining space. Trump’s name is expected to open doors for funding, collaborations with energy providers, and potentially influence in Congress.
What Does It Mean for the Market?
At a time when U.S. regulators are increasing scrutiny over crypto mining practices, this alliance between a leading mining firm and a high-profile political figure could mark a major shift. The blend of technical expertise and political influence may pave the way for more institutional players to enter the market.
It also reflects one of the key trends of 2025: Bitcoin mining in the U.S. is becoming increasingly politicized – and professionalized.
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