Trump’s sons return the new bitcoin mining project with Koch 8

Many members of the family of US President Donald Trump supports a new project to launch what aims to become the largest bitcoin mining company in the world.

HUT 8, Mining Company for Assets and Digital Infrastructure, Declare On March 31, you get a majority share in American Bitcoin, previously known as the American Data Center. The company was established by a group of investors, including Trump’s sons, Donald Trump Junior and Eric Trump.

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As part of the deal, Bitco America will take Bitcoin ownership in HUT 8 (BTCMining devices. Donald Trump Junior said that entrepreneurs behind American databases supported their conviction in bitcoin personally and through their business.

The advertisement said that the new project “aims to become the largest and most efficient Bitcoin mines in the world while building a strong strategic bitcoin reserves.” Mining operations will remain under the HUT 8 account, but will work through the American Bitcoin brand. Donald Trump Junior added:

“The favorable economy mining 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’s growth.”

The Trump family deepens its involvement in encryption

President Trump continues to promote the pro -Carbouto policy as his family and companies to expand their presence in the area of ​​digital assets.

On March 28, it is Three participating founders pardon From Crypto Exchange Bitmex, who previously admitted to being guilty of federal money laundering charges, according to the CNBC report.

On March 21, the US Treasury I dropped the criticism of the decentralized encryption mixer From the penal lists, revocation Related legal procedures. In addition, the Institutional Finance Department of the Securities and Stock Exchange Committee recently stated this Memecoins does not qualify as securities Under American law. Progress ongoing To create a strategic bitcoin reserve.

On the commercial front, Trump released Trump (Trump) Mimikoin. Trump technology group also I announced a partnership with Crypto.comWhich is expected to support a new set of boxes circulating in the exchange of encryption.

The Trump family participated in Launching a central financing protocol On AAVE called World Liberty Financial (WLFI), as well as Presenting a new stablecoin His name is USD1.

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The strategic shift of peaches 8

Asher Genot, CEO of HUT 8, admitted the launch of the American Bitcoin as a “pivotal development” in the company’s strategy. He said that the separation of mining work from the rest of the companies’ activities will allow them to raise their own capital and “the harmony of each of the business sectors at the cost of its capital.” He added:

“It develops a cottage 8 towards more predictable, financing and lowest parts of capitalism and establish the American Bitcoin as a pure mining platform designed for the growth of Exhash, Bitcoin production, and operating lever.”

Follow the report A cottage 8 exceeds $ 1 billion in bitcoin Property after getting 990 BTC for $ 100 million at the end of 2024. At the time, the total Bitcoin mining for the company reached 10,096 BTC at an average price of 24484 dollars per Bitcoin.

Bitcoin mining revenues He approached $ 3.6 billion in the first quarter of 2025 With the stability of industry income after the last half. Modern data also appears Daily mines revenue for each unit of retail power remained fixed at about $ 48 per Petahash per second, although the difficulty of mining increased.

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