Trump Targets Digital Gold! Trump Family Goes All In On Cryptocurrency Mining With Renowned Hut8

Written by Roberta Souza

Published on 31/03/2025 at 21:43

Foto: reprodução sakemata.ge

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Eric Trump Takes Strategic Position at New Cryptocurrency Company Founded with Hut 8

The Trump family is officially diving into the Bitcoin (BTC) mining sector! In partnership with Hut 8 (HUT), a company listed on the Nasdaq, they launched American Bitcoin Corp., a new venture focused on cryptocurrency extraction in the United States, according to Info Money.

Eric Trump, the son of the former US president, was appointed chief strategy officer of the company, taking on a key role in guiding the business. The main goal of this appointment is to boost Bitcoin production in the country, aligning with Donald Trump’s promises to establish a strategic cryptocurrency reserve, enhancing the sector and reinforcing the United States’ position in the digital market.

Trump and His Change in View on Cryptocurrencies

Donald Trump has previously shown skepticism towards digital assets. However, with the growth of the sector and its impact on politics and the economy, he has adopted a more favorable tone towards cryptocurrencies.

ARTICLE CONTINUES BELOW

Details of the New Venture

Hut 8 acquired American Data Centers Inc., a company formed by investors, including Eric Trump and Donald Trump Jr.. After the acquisition, the company was renamed American Bitcoin Corp.

80% of the company now belongs to Hut 8.
The company aims to expand its mining infrastructure and strengthen the US presence in the crypto sector.
The announcement came after a meeting between Trump and industry executives, reinforcing his intention to consolidate Bitcoin mining in the country.

Market Impact and Challenges

With the appreciation of Bitcoin last year, Hut 8 saw its revenue grow 70%, reaching US$ 162 million. However, projections indicate a revenue decline in the first quarter, with analysts predicting losses.

Hut 8’s shares rose 4.3% after the partnership announcement, but still have accumulated a 40% drop this year. Currently, less than 50% of the global Bitcoin mining computing power comes from the US. The new investment could change this scenario, consolidating the country as a crypto mining hub.

Trump Targets Digital Gold! Trump Family Goes All In On Cryptocurrency Mining With Renowned Hut8

Eric Trump Takes Strategic Position at New Cryptocurrency Company Founded with Hut 8

Trump and His Change in View on Cryptocurrencies

Details of the New Venture

Market Impact and Challenges

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Trump Targets Digital Gold! Trump Family Goes All In On Cryptocurrency Mining With Renowned Hut8

Eric Trump Takes Strategic Position at New Cryptocurrency Company Founded with Hut 8

Trump and His Change in View on Cryptocurrencies

Details of the New Venture

Market Impact and Challenges

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

While a regular building may take years under construction, in London two towers of 44 and 38 floors were erected with more than 1,500 ready modules and reduced the timeframe by 42%.

The building that looks like it was assembled as a giant toy in Singapore used 1,866 concrete modules, formed two 40-story towers, and brought 505 apartments to the top.

While the US Navy lines up 122 ships in the Golden Fleet, Russia is launching the 35-meter, 208-ton Sarmat ICBM that carries 10 warheads and reaches 35,000 kilometers.

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