Trump Family Expands Crypto Ventures into Bitcoin Mining 🏗️
Eric and Donald Trump Jr. are broadening the Trump family's involvement in the cryptocurrency sector by investing in a bitcoin-mining company. Their firm, American Data Centers, is merging with American Bitcoin, securing a 20% stake in the venture. In collaboration with Hut 8, a major crypto infrastructure company holding the remaining 80%, the initiative aims to establish the world's largest bitcoin mining operation. This move aligns with President Donald Trump's ambition to position the U.S. as the "crypto capital of the world." However, critics have raised concerns about potential conflicts of interest and the environmental impact of bitcoin mining.
WSJ
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Investor's Business Daily
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