Several members of U.S. President Donald Trump’s family are supporting a major Trump Bitcoin mining venture, partnering with Hut 8 to create what could become the world’s largest Bitcoin mining operation.
Hut 8, a leading digital asset mining company, announced on March 31 its acquisition of a majority stake in American Bitcoin, formerly known as American Data Center. This Trump Bitcoin mining venture includes key investors such as Donald Trump Jr. and Eric Trump, further expanding the family’s role in cryptocurrency.
As part of the deal, American Bitcoin will take control of Hut 8’s mining hardware. Donald Trump Jr. stated that this Trump Bitcoin mining venture reflects their strong confidence in Bitcoin’s future, both personally and through their business efforts.
The project aims to build “the world’s largest, most efficient pure-play Bitcoin miner” while accumulating a strategic Bitcoin reserve. Mining operations will remain under Hut 8’s management but will operate under the American Bitcoin brand. This Trump Bitcoin mining venture represents a major move toward institutional crypto adoption.
Trump Family Expands Crypto Involvement
Beyond this Trump Bitcoin mining venture, the Trump family has actively supported pro-crypto policies. Recently, President Trump pardoned BitMEX co-founders, and his Trump Technology Group partnered with Crypto.com to develop new crypto ETFs.
Hut 8’s Strategic Growth Plan
Hut 8 CEO Asher Genoot described this Trump Bitcoin mining venture as a pivotal shift for the company, enabling focused growth in scalable, cost-efficient mining while strengthening Bitcoin reserves.