After years of evolving positions on digital assets, the Trump family has made a dramatic entrance into the cryptocurrency mining space with the announcement of American Bitcoin. The venture, disclosed on March 31, 2025, represents a significant partnership between the Trump family and established crypto mining company Hut 8, with ambitious goals to become the world’s largest Bitcoin mining operation.
The Trump family storms the crypto mining world with American Bitcoin, partnering with Hut 8 to build a Bitcoin powerhouse.
The Trump family won’t just be lending their name to this venture. Eric Trump has taken on the role of Chief Strategy Officer and co-founder, while he and brother Donald Trump Jr. have secured a 20% ownership stake in the company. This move aligns with the family’s broader strategy of investing in tangible assets and extends their growing cryptocurrency portfolio.
Hut 8, bringing 80% ownership to the table, is contributing approximately 61,000 mining rigs and leveraging its network of 11 data centers across the United States. Think of it as Hut 8 providing the mining muscle while the Trumps add political and business connections—a bit like combining a construction company’s equipment with a well-connected developer’s rolodex. This partnership exemplifies how DeFi ecosystems are creating new financial opportunities beyond traditional banking structures.
The company has set ambitious technical targets, aiming for over 50 EH/s mining capacity with impressively efficient rigs consuming less than 15 joules per terahash. In plain English: they’re building a Bitcoin-generating powerhouse that uses energy more efficiently than most competitors. American Bitcoin plans to focus on not just mining new bitcoin but also creating a strategic reserve that will operate independently from the U.S. strategic crypto reserve established by President Trump.
The venture announcement follows President Trump’s Executive Order that recognized Bitcoin as a digital gold due to its scarcity and security features, highlighting the cryptocurrency’s growing importance in the national economic strategy.
At the helm will be CEO Matt Prusak, with Mike Ho as Executive Chairman and Tinder co-founder Justin Mateen joining the board. The timing coincides with Bitcoin trading at $82,825 and aligns with the broader Trump family plunge into crypto, including their World Liberty Financial project and USD1 stablecoin development.
American Bitcoin plans to eventually go public in the United States, potentially offering investors an opportunity to buy into the Trump-backed mining operation. The announcement comes amid increased crypto-friendly policies and growing institutional interest in the digital asset space.
