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Trump Sons Partner with Hut 8 to Build the Largest Bitcoin Mining Company
According to N-TV, the cryptocurrency mining company Hut 8 has entered into a significant partnership with Donald Trump Jr. and Eric Trump. This collaboration aims to establish "American Bitcoin," which aspires to become the largest Bitcoin mining company globally. As part of the agreement, Hut 8 will transfer the majority of its mining operations to the newly formed entity, American Bitcoin, in exchange for an 80% stake in the company.
The new venture will focus on Bitcoin mining and the development of strategic Bitcoin reserves. A future IPO is also being considered. The announcement has positively impacted Hut 8's stock, which saw a 7.5% increase. This partnership highlights the Trump family's growing involvement in the cryptocurrency sector.
"Donald Trump Jr. and Eric Trump want to build the world's largest Bitcoin mining company," reported N-TV.
| Key Details | Information |
|---|---|
| Company Name | American Bitcoin |
| Stake Held by Hut 8 | 80% |
| Stock Increase | 7.5% |
Summary: Hut 8 and the Trump sons have joined forces to create American Bitcoin, aiming to dominate the Bitcoin mining industry. Hut 8 retains an 80% stake, and the venture plans to go public in the future.
ZA Miner Launches Free Cloud Mining Platform
As reported by FinanzNachrichten.de, ZA Miner, a UK-based cloud mining provider, has introduced a free platform for mining Bitcoin and Dogecoin. This initiative allows users to mine cryptocurrencies without the need for expensive hardware or upfront costs. New users are offered a $100 free mining contract to start their journey in cryptocurrency mining.
The company operates mining facilities in energy-efficient regions such as Kazakhstan and Iceland, ensuring low operational costs and high output. ZA Miner's platform is designed to be user-friendly, providing daily payouts and eliminating electricity costs for its users.
- Free $100 mining contract for new users
- No hardware or electricity costs required
- Daily payouts and robust security measures
Summary: ZA Miner is revolutionizing the crypto mining industry by offering a free, accessible platform for Bitcoin and Dogecoin enthusiasts. The initiative aligns with global pro-crypto policies and aims to make mining more inclusive.
Hut 8 and Trump Sons' Joint Venture: American Bitcoin
BTC Echo reports that Hut 8 and American Data Centers, owned by Eric Trump and Donald Trump Jr., have formed a joint venture named American Bitcoin. This new entity will focus on Bitcoin mining and building a strategic Bitcoin reserve. Hut 8 will hold an 80% stake, while American Bitcoin will manage the operational mining business.
The Trump family’s involvement in the cryptocurrency sector continues to grow, with this project aiming to become the most efficient Bitcoin miner globally. The venture also reflects the broader political and private interests of the Trump family in the crypto industry.
Summary: The partnership between Hut 8 and the Trump sons marks a significant step in the cryptocurrency sector, with American Bitcoin set to become a major player in Bitcoin mining.
Sources:
- Der Börsen-Tag: Deal mit Trumps Söhnen beflügelt Krypto-Miner-Aktie
- ZA FUNDINGS LTD: ZA Miner Launches Free Cloud Mining Platform, Empowering Bitcoin and Dogecoin Enthusiasts in 2025
- American Bitcoin: Trump-Familie will größten Bitcoin-Miner aufbauen - Golem.de
- IREN verlagert Fokus auf KI und HPC-Infrastruktur, stoppt Bitcoin-Mining-Expansion
- Bitcoin-Miner Hut 8 fusioniert mit Unternehmen der Trump-Söhne
- Donald Trump: Söhne starten Krypto-Mega-Projekt
