The Trump family is advancing

Eric Trump and Donald Trump JR. American Data Center with a 20 % stake in American Bitcoin, a mining process owned by the majority by HUT 8, which is the encrypted structure for encryption. They aim together to create the world’s largest currency in the world, with designs about building its Bitcoin Reserve.

Within months, Trumps started decentralized financing, or the Defi project, called World Liberty Financial, that their social media company will invest in Bitcoin and other digital assets, and launched Meme currencies to benefit from the popularity of the president and his wife and announced plans to issue a global -dollar Stablecooin Group. On his return to the White House, President Trump said he aims to make the United States “the capital of encryption in the world.”

Eric Trump told the Wall Street Journal that the digital networks that include cryptocurrency markets have offered Trump an ideal supplement to its other family work: real estate.

“We are a family of difficult assets. I am a man of hard origin,” said Eric Trump, who will hold the position of senior strategy officials in Bitcoin. “I spent my entire life building things, and I don’t think there is a better hedge than all of this of real digital origins.”

American data centers were launched in February by Eric Trump, his brother Donald Junior and Dominary, a small investment company recently appointed by Trump’s brothers as consultants.

As part of the deal, HUT 8 will change approximately 61,000 specialized bitcoin machines to Bitcoin, compared to 80 % ownership in the new entity. The companies said that the absence of money has changed in the deal.

Eric Trump said that the American bitcoin, which aims to advertise, will remain a separate project on Trump, the real estate family empire he managed. But global freedom, the Divie Eric Trump platform described as his “heart and soul” may cooperate with the process of bitcoin mining in the future.

The CEO of the American Bitcoin company said that their plans to extract and store Bitcoin for their reserves have nothing to do with the American strategic encryption reserve established by President Trump earlier this month with an executive order.

Bitcoin, the most popular digital assets in the world, are created by computer servers that solve complex equations, open or “mining” new symbols.

New Bitcoin mining has grown more challenging as new companies originated to benefit from high prices and the number of immovable symbols diminished. Satoshi Nakamoto, a borrowed creator of Bitcoin, bitten the bid of the digital currency in 21 million, and more than 90 % of these symbols were released. Critics also raised concerns about the environmental effect of bitcoin mining, noting the huge amounts of energy required to operate mining operations.

HUT 8, based in Miami, will host the US Bitcoin mining machines in its data centers and include the company’s new results in its financial data.

Ashir Genot, CEO of Hut 8, said that the company’s ability to secure cheap energy, build low -cost data centers and bitcoin at a low cost will help distinguish between the American Bitcoin currency from competitors. HUT 8 has 11 data centers.

“There are still 100 years of bitcoin mining, and Bitcoin continues to estimate,” said Genot. “Being the least expensive Bitcoin mine is how you will continue to manage through this volatility and the ability to be on a large scale.”

Eric Trump said that American miners and other miners in the United States will benefit from the recent decline in energy prices.

“This is what puts bitcoin in this country,” he said. “It will put them in the forefront of everyone because we really have a government that wants to see low -cost energy.”

Mike will be, the chief strategy official in HUT 8, to be the CEO of American Bitcoin. Matt Brucek, the former chief trading official in Hut 8, will become the company’s CEO.

Investors in capitalism, Justin Matyin, co -founder of Tinder, Michael Broccim, co -founder of Fabfitfun, an e -commercial trade company, will join HUT HO and Genot as Bitco America’s Board of Directors.

Write to Vicky Geang in Vicky.huang@wsj.com