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Web3 | The Trump family's latest layout | Integration of upstream Mining enterprises
Donald Trump's two sons, Eric Trump and Donald Trump Jr., have reached a strategic partnership with the Canadian listed mining company Hut 8 through their owned American data center company. Hut 8 will inject its ASIC Mining machines into the newly established "American Bitcoin" company in exchange for an 80% stake and will position itself as a mining machine hosting service provider.
The "American Bitcoin" company was established only two months ago, primarily funded by the American Bitcoin Mining company Hut 8 and members of the Trump family. Eric Trump has stated that this move is part of a broader strategy to consolidate the country's leadership in the global Bitcoin mining race. He maintains a distance from his father's administration but has made it clear that he believes the U.S. must maintain a competitive edge in the crypto space.