Trump's Sons Merge American Data Centers with American Bitcoin

In a bold move into the cryptocurrency sector, Donald Trump Jr. and Eric Trump are set to merge their company, 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.

The deal 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.

Launching a Bitcoin Reserve and Exploring DeFi Collaborations

Eric Trump revealed ambitions beyond mining, stating plans to initiate a Bitcoin reserve. Additionally, the venture may collaborate with World Liberty Financial, a decentralized finance platform supported by their father, Donald Trump, signaling a deep dive into the crypto economy.