The Trump family supports the integration of bitcoin workers to create the largest mining company in the world
- Trump family members support a new project aimed at building the largest mining process in Bitcoin in the world, with HUT 8 on the majority share in Bitcoin America.
- Unification will integrate mining devices under the American Bitcoin brand to create a focused, effective and effective mine worker and build a bitcoin strategic reserve.
Crypto Mining and Infrastructure Hut 8 has announced its majority share in the American Bitcoin (previously known as the American Data Center), a company founded by a group of investors that include Donald Trump Junior and Eric Trump.
American Bitcoin
The new project to unify mining operations under the American Bitcoin brand is designed, where HUT 8 mining devices are maintained while maintaining its account sector.
According to press releaseIts declared goal is to develop to the largest and most efficient of the world in the world while building a strategy Bitcoin Reserve. Asheer Genot, CEO of HUT 8, said the move represents a “pivotal development” in its plastic strategy:
By carving our mining work to an independent entity, which will do its own capital, we agree with each of its capital’s business cost. The deal creates two concentrated but complementary companies, all of which are designed for this purpose in order to delegate each of them.
Asheer Genot, CEO of HUT 8
Related to: ATO scrutiny for ordinary investors can increase: Exec Crypto Tax
According to Donald Trump JR. , The purchase of BTC is just “half of the story” – the other half invests in mining infrastructure because this provides a “direct share” in the growth of the network,
From the beginning, we supported our conviction in Bitcoin – personally and through our business (…) it mines it to the favorable economy, opens a greater opportunity. We are excited to bring investors to this equation through a platform designed to implement this thesis and provide real and tangible participation in bitcoin growth.
Donald Trump Junior
The restructuring of the last HUT 8 teacher follows, after exceeding $ 1 billion ($ 1.60 billion) in Bitcoin’s possessions after obtaining 990 BTC for $ 100 million ($ 160 million) at the end of 2024.
Bitcoin Crensuries data shows total mining assets in HUT 8 at 10,273 BTC. The market value is currently at $ 1.2 billion ($ 1.92 billion).
Related to: Ripple Partners with Chipper Cash to Supercharge payments that XRP work throughout Africa
https://cdn.cryptonews.com.au/2025/04/01144900/4125BCU.jpeg
