#AmericanBitcoinLaunch The #AmericanBitcoinLaunch is a significant development in the cryptocurrency space. American Bitcoin Corp. is a new venture launched by Hut 8 Corp., a Canadian digital asset mining company, in partnership with Eric Trump and Donald Trump Jr. ¹ ².

This new entity aims to become the world's largest and most efficient pure-play Bitcoin miner, with a goal of achieving over 50 exahashes per second (EH/s) at an average fleet efficiency of less than 15 joules per terahash (J/TH) ¹ ². American Bitcoin also plans to build a robust strategic Bitcoin reserve, indicating a long-term investment strategy.

The leadership team includes Mike Ho as Executive Chairman, Matt Prusak as CEO, and Eric Trump as Chief Strategy Officer ¹ ². Hut 8 maintains an 80% ownership stake in American Bitcoin, which will operate as a standalone entity, raising its own capital ¹ ².