#TrumpTariffs On April 1, 2025, American Bitcoin Corp. officially launched, marking a significant milestone in the cryptocurrency landscape. This industrial-scale Bitcoin mining venture, a collaboration between Hut 8 Corp. and the Trump family, aims to become the world’s largest and most efficient Bitcoin miner. Backed by Eric Trump, serving as Chief Strategy Officer, and Donald Trump Jr., the company merges Hut 8’s mining expertise with a vision to bolster the U.S.’s position in the crypto industry. American Bitcoin targets a hash rate of 50 EH/s, leveraging over 60,000 ASIC machines contributed by Hut 8, which holds an 80% stake, while the Trump-backed American Data Centers owns 20%.

The launch aligns with a broader Trump family push into digital assets, including ventures like World Liberty Financial and a strategic Bitcoin reserve initiative. With a focus on scalability and energy efficiency, American Bitcoin plans to go public, attracting further investment to fuel its ambitious growth. Supporters see it as a bold step toward American crypto dominance, capitalizing on favorable economics and declining energy costs. Critics, however, question the centralization of such ventures in an industry rooted in decentralization. This launch underscores the evolving intersection of politics, finance, and technology in 2025’s crypto boom.