Trump sons back new Bitcoin mining venture with Hut 8

US President Donald Trump’s sons partner with Hut 8 to launch American Bitcoin, aiming to build the world’s largest Bitcoin mining firm with strategic reserves.

Several members of US President Donald Trump’s family are backing a new venture to launch what aims to become the world’s largest Bitcoin mining firm.

Hut 8, a digital asset mining and infrastructure company, announced on March 31 that it is acquiring a majority stake in American Bitcoin, formerly known as American Data Center. The firm was founded by a group of investors, including Trump’s sons, Donald Trump Jr. and Eric Trump.

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