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Philip
@philipstrade
Trump Sons Ink Deal With Hut8 to Launch Bitcoin Mining Firm Donald Trump Jr. and Eric Trump have teamed up with Bitcoin mining heavyweight Hut 8 to launch American Bitcoin, a new industrial-scale mining firm that plans to become the “world’s largest and most efficient Bitcoin miner.” Announced on March 31, the venture was born out of a strategic deal in which Bitcoin mining company Hut 8 contributed the majority of its mining hardware to American Data Centers Inc., a company backed by the Trump sons. The firm was then rebranded as American Bitcoin—a majority-owned subsidiary focused exclusively on industrial-scale Bitcoin mining and building a strategic Bitcoin reserve. Hut 8 has an 80% ownership stake, according to a statement Monday. https://decrypt.co/312422/trump-sons-hut8-bitcoin-mining
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