The Trump family is stepping deeper into the world of digital assets, this time with a strategic bet on Bitcoin (CRYPTO: BTC) mining.
What Happened: Following the foray into decentralized finance with the family-incepted World Liberty Financial (WLFI) and the controversial TRUMP (CRYPTO: TRUMP) meme coin, which famously left behind a flurry of disillusioned traders, the Trump family has set its sights on Bitcoin mining.
American Bitcoin, a newly formed mining company, will be led in part by Eric Trump and Donald Trump Jr., marking yet another addition to their rapidly growing crypto-centric business portfolio, according to The Wall Street Journal.
American Bitcoin will be formed through a merger with American Data Centers, a venture the Trump brothers launched in February alongside Dominari, a boutique investment firm that recently brought both sons on as advisers.
As part of the deal, the Canada- and U.S.-listed crypto-infrastructure firm Hut 8 (NASDAQ:HUT) …
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