Trump Sons' Bold Move into Bitcoin Mining

In a groundbreaking announcement, Donald Jr. and Eric Trump, sons of former United States President Donald Trump, revealed plans to merge their company, American Data Centers, with American Bitcoin. This strategic partnership aims to establish the largest Bitcoin mining operation globally, as reported by the Wall Street Journal.

Strategic Stake and Future Plans

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

Expanding into Bitcoin Reserves and DeFi Collaboration

Eric Trump shared with the WSJ the ambitious plans of the new entity to initiate a Bitcoin reserve. Furthermore, he hinted at potential collaborations with World Liberty Financial, a decentralized finance platform supported by his father, Donald Trump, signaling a deeper dive into the cryptocurrency ecosystem.