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Trump Family Backs Bitcoin Miner Merge to Establish World’s Largest Mining Firm

  • Crypto mining and infrastructure firm Hut 8 has acquired a majority stake in American Bitcoin, a company founded by a group of investors that includes Donald Trump Jr. and Eric Trump.
  • The consolidation will merge mining hardware under the American Bitcoin brand to create a focused, efficient pure-play miner and build a strategic Bitcoin reserve.
  • Hut 8 aims to become the world's largest and most efficient pure-play Bitcoin miner.
  • The move marks a pivotal evolution in Hut 8's platform strategy.

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