Market News
Hut 8, Eric Trump to launch bitcoin mining company - REUTERS
March 31 (Reuters) - Hut 8 (HUT.O), new tab said on Monday it had joined hands with President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin. Miami, Florida-based Hut 8 merged the majority of its mining operations for an 80% stake in American Data Centers, a company formed by a group of investors including Eric Trump and Donald Trump Jr. that has been relaunched as American Bitcoin.
The move illustrates the growing involvement of the Trump family in the crypto landscape as the industry moves towards mainstream acceptance.
