Trump Sons Eric and Donald Jr. Invest in Bitcoin Mining Venture American Bitcoin

Two of President Trump’s sons announced on Monday that they were investing in a new Bitcoin mining venture, an expansion of the family’s business interests in the crypto industry.

Two of former President Trump’s sons are venturing into the burgeoning industry of Bitcoin mining with a new company that will be partly owned by a business entity whose investors include Eric Trump and Donald Trump Jr., according to an announcement on Monday.

The Trump sons’ investment firm, Trump Organization, has previously engaged in ventures related to non-fungible tokens (NFTs) and cryptocurrencies.

The new Bitcoin mining venture, named American Bitcoin, will be a joint undertaking with Hut 8, a Canadian crypto firm that specializes in Bitcoin mining.

Hut 8 will hold a majority 80 percent stake in the new company, while the remaining 20 percent will be held by American Data Centers Inc., which has investments from Eric Trump and Donald Trump Jr.

The Trump sons will also serve as founders of the new mining venture. Eric Trump will take on the role of chief strategy officer.

“We are proud to partner with Hut 8 in launching this new company and introducing their industry-leading capabilities to the U.S.,” said Donald Trump Jr. in a statement.

“From the start, we’ve backed our conviction in Bitcoin, personally and through our businesses. But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.”

The Trump sons’ involvement in the Bitcoin mining venture marks a continuation of the family’s interest in the crypto industry.

In 2022, NFT collections featuring artwork by former President Trump were launched in collaboration with Trump Organization.

Earlier this year, reports emerged that Donald Trump Jr. had invested in the crypto exchange Bittrex.