Eric And Donald Trump Jr. Go Full Crypto Bro With New Bitcoin Mining Venture
HuffPost
The president's sons will now play a key role in creating the cryptocurrency through the company American Bitcoin.
Eric Trump and Donald Trump Jr. have gone all in on the crypto industry by adding a bitcoin mining company to their growing stable of interests.
President Donald Trump’s oldest sons are merging their firm, American Data Centers, to create a new mining venture called American Bitcoin.
The siblings will take a 20% stake in the company, with the remaining 80% owned by Hut 8, which does the bitcoin mining.
Hut 8 is contributing around 61,000 mining machines from its sprawling data centers to the new company, per The Wall Street Journal, in exchange for its share in the company.
American Data Centers was formed in February by the two Trump brothers and Dominari, a small investment firm that leases space in the Trump Tower.
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