Trump Sons Back Hut 8’s New Bitcoin Mining Spin-off
Hut 8 has launched a new majority-owned Bitcoin mining subsidiary, American Bitcoin Corp., with investors that include Eric Trump and Donald Trump Jr., sons of U.S. President Donald Trump.
Announced Monday, the move is part of Hut 8’s broader strategy to separate its energy infrastructure operations from its mining business, allowing the latter to grow independently.
According to the release, American Bitcoin was established following the transfer of most of Hut 8’s ASIC miners to American Data Centers, Inc.—a company backed by a group of investors including the Trump brothers. The company has since been renamed American Bitcoin.
While American Bitcoin will operate as a standalone Bitcoin mining platform, its operations will remain integrated into Hut 8’s financial reporting under the Compute segment.
Hut 8 will serve as the exclusive infrastructure and operations partner, providing colocation, management, and operational services through long-term commercial agreements. These arrangements are expected to generate recurring revenue for Hut 8’s Power and Digital Infrastructure segments.
“By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital,” said Hut 8 CEO Asher Genoot.
American Bitcoin’s leadership team includes Mike Ho as Executive Chairman, Matt Prusak as CEO, and Eric Trump as Chief Strategy Officer. Its board of directors features representatives from both Hut 8 and its new investor group.
While the announcement did not specify how much hashrate Hut 8 would transfer, the company reported a proprietary mining capacity of 3.8 EH/s as of February, excluding its share in the King Mountain joint venture.
Hut 8 indicated that this capacity will drive American Bitcoin’s growth. The move reflects a broader industry trend toward consolidating and scaling mining operations through strategic capital and infrastructure alignment. The launch of American Bitcoin follows Hut 8’s January announcement of a colocation agreement to host 15 EH/s of hashrate for Bitmain, with an option to purchase the equipment after successful energization.
The formation of American Bitcoin arrives amid a broader shift in political sentiment toward the Bitcoin industry with U.S. President Donald Trump increasingly signaling support for Bitcoin and Bitcoin mining.
Both Eric Trump and Donald Trump Jr. have echoed those themes in promoting American Bitcoin as a strategic national asset. This political backing comes as U.S. regulators have begun to clarify their stance on the sector. In March, the Securities and Exchange Commission affirmed that Bitcoin mining activities do not constitute securities offerings, providing a measure of regulatory certainty for miners and investors.
