Hut 8 and Eric Trump Launch American Bitcoin
Hut 8 and Eric Trump launched American Bitcoin as a majority-owned Bitcoin mining and strategic-reserve company, transferring a large fleet of mining machines into a new dedicated enterprise.
On March 31, 2025, Hut 8 announced the launch of American Bitcoin, a new Bitcoin mining company created with investors including Eric Trump and Donald Trump Jr. Hut 8 contributed substantially all of its ASIC miners to the venture while retaining a majority interest.
The new company was designed as a pure-play Bitcoin mining and strategic-reserve business rather than a diversified data-center operator. Hut 8 would provide infrastructure and operational services while American Bitcoin focused on mining economics, hashrate growth, and accumulating Bitcoin.
The launch reflected a broader restructuring underway in the mining industry as operators separated Bitcoin mining from other power and data-center businesses. It also created a new large-scale U.S. mining enterprise with prominent political-family investors, making it more than a routine equipment deployment or monthly production update.