Trump’s sons join forces with Hut 8 to build ‘American Bitcoin’ — a Bitcoin mining powerhouse

Eric Trump and Donald Trump Jr. have officially entered the Bitcoin mining industry, teaming up with Hut 8 to launch ‘American Bitcoin’ — a new mining company aiming to become the world’s largest and most efficient Bitcoin mining operation.

The announcement, released on March 31, follows a strategic merger between American Data Centers and American Bitcoin, which will now operate as a majority-owned subsidiary of Hut 8. Through this transaction, American Data Centers takes a 20% stake in American Bitcoin, while Hut 8 retains 80% ownership.

American Data Centers (ADC) is an AI infrastructure-focused company established by Dominari Holdings in collaboration with the two Trump sons. They are also part of Dominari Holdings’ advisory board.

American Bitcoin is setting an aggressive growth target, with plans to scale beyond 50 EH/s while achieving fleet efficiency of less than 15 J/TH. The company is also laying the groundwork for building a strategic Bitcoin reserve, a move that signals long-term confidence in the digital asset.

“It is a great honor to partner with Hut 8, a recognized leader in the Bitcoin space, as we launch American Bitcoin,” said Eric Trump, co-founder of American Bitcoin. “By combining Hut 8’s proven operational excellence in data centers with our shared passion for Bitcoin and decentralized finance, we are poised to strengthen our foundation and drive significant future growth.”

Donald Trump Jr. added:

“From the start, we’ve backed our conviction in Bitcoin—personally and through our businesses. But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity. We’re excited to bring investors into that equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth.”

“The launch of American Bitcoin marks a pivotal evolution in our platform strategy,” said Asher Genoot, CEO of Hut 8. “By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital.”

The new company’s leadership team will include Mike Ho as Executive Chairman, Matt Prusak as Chief Executive Officer, and Eric Trump as Chief Strategy Officer. The Board of Directors will consist of Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim.

Hut 8 will serve as American Bitcoin’s exclusive infrastructure and operations partner through long-term commercial agreements, providing ASIC colocation services, managed services, and day-to-day management through a shared services agreement.