Hut 8 and Eric Trump Launch American Bitcoin – World’s Largest Pure-Play BTC Miner

Key Points

• American Bitcoin is set to become the world’s largest and most efficient pure-play miner.
• The new BTC miner is created to build a robust Strategic Bitcoin Reserve in the US.

Hut 8 will launch a new miner called American Bitcoin Corp., with the US President’s son, Eric Trump’s support.

American Bitcoin is a majority-owned subsidiary of Hut 8, focused exclusively on industrial-scale Bitcoin mining and SBR development.

Hut 8 is an energy infrastructure platform that integrates:

• Power
• Digital infrastructure
• Large-scale compute

The company files next-gen, energy-intensive use cases, including BTC mining and high-performance computing.

Strategic Contribution of all Hut 8’s ASIC Miners

According to the official press release dated today, March 31, the launch of American Bitcoin comes following the strategic contribution of all Hut 8’s ASIC miners to and in exchange for a majority interest in American Data Centers.

This is a company formed by a group of investors, including Trump’s sons, Eric Trump and Donald Trump Jr.

American Data Centers was renamed and re-launched as American Bitcoin.

All Bitcoin mining operations previously reported under Hut 8’s Compute segment will continue under the same segment, but will operate via the American Bitcoin brand.

American Bitcoin’s Targets

American Bitcoin’s main targets include the following:

• To become the largest and most efficient pure-play Bitcoin miner in the world
• To build a Strategic Bitcoin Reserve

The move combines:

• Hut 8’s proven mining operations, cost-efficient infrastructure development capabilities, disciplined approach to capital allocation
• Eric Trump’s commercial acumen, capital markets expertise, and commitment to advancing DeFi systems

The official press release noted that initially, American Bitcoin’s results will be consolidated within the company’s financial statements for reporting purposes.

Hut 8 will be the miner’s exclusive infrastructure and operations partner via a series of long-term commercial agreements that will generate stable, contracted revenue in Hut 8’s Power and Digital Infrastructure segments.

American Bitcoin to Drive Future Growth

Eric Trump, co-founder of American Bitcoin, said that it’s a great honour to team up with Hut 8, a recognized leader in the BTC space. He said that the project will combine Hut 8’s proven operational excellence in data centers with the shared passion for BTC and DeFi.

The new project will work to strengthen the foundation of the US and drive significant growth for the future.

He highlighted his support for Bitcoin, backing his conviction in both personal life and business. Trump’s son also said that buying Bitcoin is half of the story, and mining it on favorable economics opens a bigger opportunity.

A Pivotal Evolution in Hut 8’s Strategy

Asher Genoot, Hut 8’s CEO, said that the launch of American Bitcoin is an evolution in the platform’s strategy that will carve out the mining business into a standalone entity with will raise its own capital.

The project will drive Hut 8 toward a more predictable, financeable, and lower-cost-of-capital segments, establishing American Bitcoin as a pure-play platform built for:

• Exahash growth
• Bitcoin production
• Operating leverage

Hut 8 will be the exclusive provider of ASIC colocation services and managed services to American Bitcoin, according to the press release .

The news comes amidst bullish Bitcoin developments in the US and rising global adoption.