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March 31, 2025

Trump Family Backs Major Bitcoin Mining Venture with Hut 8

Members of the Trump family, including Donald Trump Jr. and Eric Trump, are backing a new initiative designed to emerge as one of the largest Bitcoin mining operations. Hut 8 announced plans to acquire a majority stake in American Bitcoin, formerly American Data Center, founded by Trump’s sons. This initiative highlights a notable intersection of traditional family business interests with the innovative landscape of cryptocurrency. Observers will analyze its long-term effects on the Bitcoin mining market and overall industry trends as they develop.

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