Peruse the details:
- Ah, the illustrious American Bitcoin shall oversee 61,000 mining machinesâwho knew the Trump family had so many shiny toys? Eric Trump is now wearing the mantle of chief strategy officer, presumably while wearing a hard hat and sipping a latte, and they dream of a âbitcoin reserve.â Fancy that!
- Meanwhile, Hut 8, who shall own a hefty 80% of this glimmering venture, has graciously decided to supply the mining hardware and run operations at their 11 U.S. data centersâbecause who wouldn’t want a little Bitcoin buffet alongside their traditional American meals?
- And so, the Trump family marches further into the grand digital wilderness of cryptocurrency, hand in hand with their escapades like World Liberty Financial, meme coinsâah, what a delightful assortmentâand a stablecoin that might just be more stable than Uncle Donald’s tweets.
It appears that the Trump tribe is solidly hitching their wagon to the rolling caravan of bitcoin (BTC) mining, as reported by none other than The Wall Street Journal. The suspense is palpable!
In a twist that could only be described as “heavy-duty mining,” Eric Trump and Donald Trump Jr. have decided to fuse their firm, American Data Centers, with this freshly minted entity called American Bitcoin, claiming a modest 20% share. The other 80%? Well, that’s courtesy of Hut 8, a public crypto infrastructure company, which is generously contributing nearly 61,000 mining machinesâjust what every family needs on a Sunday afternoon, right? Oh, and no cash exchanged hands! How quaint!
Our friend Eric, donning his new title as chief strategy officer of American Bitcoin, has taken to comparing digital currencies to good old-fashioned real estate. After all, what’s the point of cryptic digital coins if you can’t relate them to two-story homes with a white picket fence? He apparently has big dreams of a âbitcoin reserveâ and a possible future where the company goes public. Oh, joy!
Now, while American Bitcoin may be a separate entity from the Trump Organization, rumor has it they might shuffle together with World Liberty Financialâthe DeFi project dreamt up by the brothers Trump during a brainstorming session amidst the chaos of family dinners.
With Hut 8 playing host to their mining operations across 11 data centers, their CEO Asher Genoot has assured the masses that low energy costs and scalable infrastructure will set American Bitcoin apart from its global cousins. Because nothing says âcompetitive edgeâ like a discount on electricity, does it?
And, lo and behold, the board of directors will even feature Tinder co-founder Justin Mateen and FabFitFun co-founder Michael Broukhim. Now thatâs a team you didnât see coming! Even amidst the pouting about bitcoin miningâs environmental concerns, Eric maintains that lower U.S. energy costs will have American miners cruising ahead of their international rivalsâlike a gleeful parade of digital pioneers! đ
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2025-03-31 13:36