Hut 8 and President Trump’s Sons Partner to Launch Bitcoin Mining Company

Key Takeaways:

• Hut 8 has partnered with President Trump’s sons to launch a new Bitcoin mining subsidiary. 
• The subsidiary, American Bitcoin, is 80% owned by Hut 8, which contributed most of its Bitcoin ASIC miners in exchange.
• This partnership follows China’s continued dominance in global Bitcoin mining. 

On March 31, Hut 8 partnered with President Trump's sons to launch a new mining subsidiary in the United States. Hut 8 is a publicly traded Bitcoin mining company.

The subsidiary, called “American Bitcoin”, aims to position itself as a major player in the industry by concentrating on large-scale Bitcoin mining and establishing a long-term strategic Bitcoin reserve.

Hut 8 Secures Majority Stake Through Mining Equipment Contribution

In a press release on March 31, Hut 8 revealed that it contributed the majority of its Bitcoin ASIC miners to American Data Centers Inc., which will now be rebranded as American Bitcoin. 

We are proud to partner with @EricTrump and American Data Centers to launch @AmericanBTC.

American Bitcoin, a majority-owned subsidiary of Hut 8, aims to become the world's largest, most efficient pure-play miner while building a robust strategic Bitcoin reserve.

Join us for a… pic.twitter.com/f5ddCxQkqp

— Hut 8 (@Hut8Corp) March 31, 2025

In exchange for its contribution, Hut 8 received 80% ownership in the newly formed company, marking a major shift in the structure of the mining operations.

This strategic move will reshape Bitcoin mining under the American Bitcoin brand. All Bitcoin mining activities previously under Hut 8’s Compute segment will now transition to this new entity.

The formation of American Bitcoin accelerates Hut 8's strategy, positioning the company for future success in the competitive global Bitcoin mining market.

The timing couldn’t be more critical, as a detailed analysis by CryptoQuant CEO Ki Young Ju from last September revealed that China currently controls 55% of the global hash rate, surpassing the U.S.

Trump Organization Expands Cryptocurrency Footprint

This venture is part of a broader trend of increasing interest in crypto from the Trump organization.  

President Trump had previously launched a series of NFTs and a meme coin that shook the crypto markets a day before his inauguration.

Concurrently, Donald Trump Jr. and Eric Trump have partnered with World Liberty Financial, a crypto platform that intends to release USD1 as its stablecoin.

World Liberty Financial (@worldlibertyfi ) plans to launch the #USD1 stablecoin, aiming to bring more trust and transparency to #DeFi with a 1:1 USD-backed guarantee. 🔒💵 pic.twitter.com/iNoVqzR5Mf

— ShadowCipher (@ShadowCipher_) March 26, 2025

The Trump organization’s interest in Bitcoin and digital assets aligns with President Trump’s broader strategy to establish the U.S. as a leader in the global Bitcoin mining space. 

Following his presidential victory, Trump issued a series of executive orders related to digital assets, including one focused on creating a strategic Bitcoin reserve for the U.S. 

As the world’s Bitcoin mining sector continues to evolve, the collaboration between Hut 8 and the Trump family could be a key factor in the U.S.'s push to regain control of the global hash rate, currently dominated by China.