Trump Brothers cooperates with HUT 8 in the Bitcoin Mining Project
Main meals
- Eric Trump and Donald Trump Junior will participate with Hut 8 to create new mining and reserves in Bitcoin.
- The American TROMPS data centers will merge with HUT 8 to form Bitcoin America, with HUT 8 carrying a 80 % stake.
- The project aims to become the largest pure bitcoin mine in the world.
Bitcoin Hut 8 (hutDonald Trump’s sons join the launch of a new company called American Bitcoin, which is focused exclusively on “industrial bitcoin mining and strategic bitcoin reserves.”
Almost, all the integrated mines of the HUT 8 integrated departments will take in American databases, which include Eric Trump and Donald Trump Junior as investors. American Bitcoin American data centers will be renamed as part of the arrangement. The HUT 8 will give 80 % of the American Bitcoin, with the owners of the other 20 % American data centers.
HUT 8 pointed out that the goal is that the American Bitcoin is to “become the largest and most efficient mines in the world of bitcoin.”
“We are ready to strengthen our organization and pay significant growth in the future,” said Eric Trump, who was appointed to the three administration team as a strategy official.
Donald Trump Junior explained that the family had believed in Bitcoin “from the beginning,” personally and through its work, but possessing the encrypted currency was “only half the story.” Trump Junior added that his mining to the favorable economy “opens a greater chance.”
HUT 8 shares, which rose 4 % after 30 minutes of the opening bell, added about 11 % of its value last year.
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