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The Trump Family Advances Its All-Out Crypto Blitz, This Time With Bitcoin Mining - THE WALL STREET JOURNAL
A business led by two of the president’s sons will invest in American Bitcoin, a new mining company controlled by Hut 8
The president’s two oldest sons are investing in a bitcoin-mining company, adding to the Trump family’s expanding portfolio of cryptocurrency businesses.
Eric Trump and Donald Trump Jr.’s American Data Centers will merge with and take a 20% stake in American Bitcoin, a mining operation majority-owned by Hut 8 HUT the publicly traded crypto-infrastructure company. Together, they aim to create the world’s largest miner of the digital currency, with designs on building its own “bitcoin reserve.”
