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... No cash changed hands in the deal.
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Trump Family Enters Bitcoin Mining With New Venture, American Bitcoin
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American Bitcoin was formed through a no-cash merger between American Data Centers and Hut 8’s mining assets, with Hut 8 contributing 61,000 machines and retaining 80% ownership. The Trump brothers hold a 20% stake, while Hut 8 maintains operational control via commercial agreements.
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