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Eric and Donald Trump Jr. are reportedly partnering with crypto miner Hut 8 on a new company called American Bitcoin, aiming to build a U.S.-based bitcoin reserve, The Wall Street Journal reports.
What’s the Scoop?
- Major Mining Operation: American
Bitcoin will control 61,000 mining machines, with plans to establish a substantial 'bitcoin reserve.' - Partnership with Hut 8: Hut 8 will own 80% of the venture and provide the mining hardware and infrastructure across 11 U.S. data centers.
- Family Expansion into Crypto: This move solidifies the Trump family’s presence in crypto, adding to projects like
World Liberty Financial and planned stablecoins.
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