Trump's Sons to Merge Companies for Largest Bitcoin Mining Operation

In a bold move into the cryptocurrency sector, Donald Jr. and Eric Trump, sons of former United States President Donald Trump, are set to merge their American Data Centers with American Bitcoin. This strategic partnership aims to establish the world's largest Bitcoin mining operation, as reported by the Wall Street Journal.

Strategic Stake and Future Plans

The merger will see the Trump brothers acquiring a 20% stake in American Bitcoin. Meanwhile, Hut 8, the majority owner of American Bitcoin, will transfer nearly 61,000 Bitcoin-mining machines to the new entity, securing an 80% ownership post-merger.

Expanding into Bitcoin Reserves and DeFi Collaboration

Beyond mining, the Trumps revealed plans to initiate a Bitcoin reserve. Eric Trump hinted at potential collaborations with the decentralized finance platform World Liberty Financial, which enjoys backing from their father, further intertwining the Trump family's interests with the burgeoning crypto economy.