{"id":19835,"date":"2025-03-31T10:32:25","date_gmt":"2025-03-31T10:32:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19835"},"modified":"2025-03-31T10:32:25","modified_gmt":"2025-03-31T10:32:25","slug":"trump-family-enters-bitcoin-mining-with-new-venture-american-bitcoin-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19835","title":{"rendered":"Trump Family Enters Bitcoin Mining With New Venture, American Bitcoin: Report"},"content":{"rendered":"<div>\n<p>The Trump family is deepening its involvement in cryptocurrency with a major move into bitcoin (BTC) mining, according to a <a href=\"https:\/\/www.wsj.com\/finance\/currencies\/the-trump-family-advances-its-all-out-crypto-blitz-this-time-with-bitcoin-mining-86a1e8d9\" target=\"_blank\">Wall Street Journal<\/a> report.<\/p>\n<p>Eric Trump and Donald Trump Jr. are merging their firm, American Data Centers, with a new mining venture called American Bitcoin, taking a 20% stake in the company. The remaining 80% will be owned by Hut 8, a publicly traded crypto infrastructure firm, which is contributing nearly 61,000 mining machines to the new entity. According to the report, no cash changed hands in the deal. <\/p>\n<p>Eric Trump, who will serve as American Bitcoin\u2019s chief strategy officer, describes the initiative as aligned with the family\u2019s focus on hard assets, likening digital currencies to real estate. He emphasized plans to build a \u201cbitcoin reserve\u201d and potentially take the company public. <\/p>\n<p>Although American Bitcoin is separate from the Trump Organization, it may eventually collaborate with World Liberty Financial\u2014the DeFi project launched by the Trump brothers.<\/p>\n<p>Hut 8 will host the mining operations in its 11 U.S. data centers. CEO Asher Genoot said low energy costs and scalable infrastructure will give American Bitcoin a competitive edge. <\/p>\n<p>The board of directors will include Tinder co-founder Justin Mateen and FabFitFun co-founder Michael Broukhim. Despite criticism over bitcoin mining\u2019s environmental impact, Eric Trump believes lower U.S. energy costs will help American miners outpace global competitors.<\/p>\n<p>Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk\u2019s full AI Policy.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Trump family is deepening its involvement in cryptocurrency with a major move into bitcoin (BTC) mining, according to a Wall Street Journal report. Eric Trump and Donald Trump Jr. are merging their firm, American Data Centers, with a new mining venture called American Bitcoin, taking a 20% stake in the company. The remaining 80% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19835","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19835"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19835\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}