{"id":22569,"date":"2025-03-31T14:00:31","date_gmt":"2025-03-31T11:00:31","guid":{"rendered":"https:\/\/forklog.com\/en\/hut-8-partners-with-eric-trump-to-launch-american-bitcoin\/"},"modified":"2025-03-31T14:00:31","modified_gmt":"2025-03-31T11:00:31","slug":"hut-8-partners-with-eric-trump-to-launch-american-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hut-8-partners-with-eric-trump-to-launch-american-bitcoin\/","title":{"rendered":"Hut 8 Partners with Eric Trump to Launch American Bitcoin"},"content":{"rendered":"<p>Hut 8 <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/03\/31\/3052066\/0\/en\/Hut-8-and-Eric-Trump-Launch-American-Bitcoin-to-Set-a-New-Standard-in-Bitcoin-Mining.html\">announced<\/a> the creation of a subsidiary, American Bitcoin, focusing exclusively on Bitcoin mining and developing a cryptocurrency reserve.<\/p>\n<p>Previously, Hut 8 acquired a controlling stake in American Data Centers, backed by a group of investors led by Eric Trump and Donald Trump Jr., in exchange for a fleet of mining rigs. As part of the deal, the firm was relaunched as American Bitcoin.<\/p>\n<p>Future Bitcoin mining operations will be conducted under the new brand, with Hut 8 serving as the exclusive infrastructure partner.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe deal combines Hut 8\u2019s mining expertise, cost-effective infrastructure development capabilities, and disciplined resource allocation with Eric Trump\u2019s commercial acumen, capital markets experience, and commitment to DeFi system development,\u201d the press release stated.<\/p>\n<\/blockquote>\n<p>According to Hut 8 CEO Asher Genuat, the transformation separates the company\u2019s mining business from other areas such as power generation and high-performance computing data centers.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt steers the company towards more predictable, funded segments with accessible capital costs and positions American Bitcoin as a mining platform dedicated solely to hash rate growth, Bitcoin production, and operational leverage,\u201d Genuat emphasized.<\/p>\n<\/blockquote>\n<p>Back in September 2024, Hut 8 began <a href=\"https:\/\/forklog.com\/en\/news\/hut-8-leases-gpu-power-for-ai-computing\">leasing<\/a> GPU capacity to AI companies as part of its <span data-descr=\"\u201cGPU-as-a-service\u201d\" class=\"old_tooltip\">GPU-as-a-service<\/span> offering.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hut 8 announced the creation of a subsidiary, American Bitcoin, focusing exclusively on Bitcoin mining and developing a cryptocurrency reserve. Previously, Hut 8 acquired a controlling stake in American Data Centers, backed by a group of investors led by Eric Trump and Donald Trump Jr., in exchange for a fleet of mining rigs. As part [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1136,1390],"class_list":["post-22569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-hut-8","tag-partnership"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22569"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22568"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}