Hut 8 Partners with Trump Family on American Bitcoin Mining Initiative
Hut 8 Corp. has revealed its latest project—American Bitcoin—a mining division aimed at scaling institutional BTC extraction and establishing a long-term crypto reserve.
Under the deal, Hut 8 contributed the majority of its ASIC mining equipment to the new venture, which it still controls with an 80% ownership stake. The remaining equity went to investors from the Trump family.
The collaboration seeks to maximize Hut 8’s mining infrastructure, boosting performance and operational stability.
The new unit is projected to achieve a hashrate above 50 EH/s, with energy efficiency below 15 joules per terahash. With operations spanning U.S. and Canadian data centers, the setup promises both cost-efficiency and scalability.
Future plans include a potential IPO, offering wider investment access and supporting the firm’s strategic growth.
How American Bitcoin Plans to Scale
Built on Hut 8’s ultra-efficient mining hardware and smartly designed data centers, American Bitcoin is engineered to run lean and scale fast—powered by long-term contracts that lock in revenue stability.
Its hybrid model blends Hut 8’s legacy strength with cutting-edge tech. Leading the charge:
- Mike Ho (Executive Chairman),
- Matt Prusak (CEO),
- Eric Trump (Chief Strategy Officer).
With instant access to already-operational facilities, American Bitcoin skips the buildout delays and jumps straight into high-output, globally competitive BTC mining.
Strategic Roadmap and Growth Prospects
The revamped corporate strategy enables Hut 8 to streamline its operations across two synergistic verticals: enterprise-level compute services and a distinct, investor-backed mining unit.
A key focus, according to company leaders, will be the creation of a strategic Bitcoin reserve.
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,
noted Donald Trump Jr..
It’s a clear bet on where crypto is headed—and a bold move to capitalize on it. With Hut 8’s backend muscle and fresh vision from its investor base, American Bitcoin is positioned to dominate in the next era of industrial BTC mining.
Read on: Microsoft Pulls Plug on Data Centers—Mining Stocks Slide
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
