The Trump family expands the growing Bitcoin and Crypto portfolio by investing in a new bitcoin mining project called called American Bitcoin.
Donald Trump Jr. And Eric Trump merge their company, American data centers, with HUT 8, which is the audience's Bitco 8 miners, to form the new company. The Trump Brothers will keep a 20 % stake in American Bitcoin, with HUT 8 Owning the remaining 80 %.
The deal brings 61,000 mining machine from HUT 8 to the American Bitcoin. The company also plans to build its Bitcoin reserves by retaining the bombing coins.
Erik Trump, who will be the chief official of the American Bitcoin Strategy, will be the solid bitcoin real estate in real estate. By taking advantage of the American Americana Data Centers in America 8 in HUT 8, Bitcoin America aims to extract Bitcoin more efficiently from competitors. This may become an essential feature because mining becomes more difficult over time.
The Trump family has adopted bitcoin and encryption recently through various projects.
The American bitcoin will remain separate from the Trump Empire. But its bitcoin reserves are in line with President Trump's vision of the American Bitcoin Strategic Reserve.
Bitcoin mining faced environmental criticism for its huge use of energy. But Eric Trump believes that American Bitcoin's arrival at energy costs in the United States low will give her an advantage.
By focusing on mining, it appears that the American bitcoin is a bitcoin beta more dangerous compared to the coins in Trump and Stablecoin conversations. Bitcoin file and increasing encryption in the family reflects the growing prevailing acceptance.