{"id":25055,"date":"2025-03-31T14:13:22","date_gmt":"2025-03-31T14:13:22","guid":{"rendered":"https:\/\/medexperts.pro\/?p=25055"},"modified":"2025-03-31T15:28:56","modified_gmt":"2025-03-31T15:28:56","slug":"trump-family-starts-bitcoin-mining-venture-in-further-push-into-crypto","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=25055","title":{"rendered":"Trump Family Starts Bitcoin Mining Venture in Further Push Into Crypto"},"content":{"rendered":"
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Two of President Trump\u2019s sons announced<\/a> on Monday that they were investing in a new Bitcoin mining venture, an expansion of the family\u2019s business interests in the crypto industry.<\/p>\n

Eric Trump and Donald Trump Jr. said they would join forces with the Bitcoin mining company Hut 8 to create a firm called American Bitcoin. Bitcoin mining is a lucrative branch of the crypto industry, in which large companies run energy-guzzling machines that help process Bitcoin transactions.<\/p>\n

\u201cFrom the start, we\u2019ve backed our conviction in Bitcoin, personally and through our businesses,\u201d Donald Trump Jr. said in a statement. \u201cBut simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.\u201d<\/p>\n

Under the terms of the deal, Hut 8 will control 80 percent of the new company, with the other 20 percent going to a business entity called American Data Centers Inc. whose investors include the two Trump sons. The announcement on Monday by Hut 8 listed Eric Trump as a co-founder of the new mining venture and said he would serve as its chief strategy officer.<\/p>\n<\/div>\n<\/div>\n

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The mining project is the third major crypto venture that the Trump family has started over the past year. During the campaign, Donald Trump and his sons launched a crypto company, World Liberty Financial, that offers two types of digital currencies, including a so-called stablecoin unveiled last week<\/a>.<\/p>\n

Then, on the eve of Mr. Trump\u2019s inauguration, he and his wife, Melania Trump, each launched a memecoin<\/a>, a type of cryptocurrency based on an online joke or mascot.<\/p>\n

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Two of President Trump\u2019s sons announced on Monday that they were investing in a new Bitcoin mining venture, an expansion of the family\u2019s business interests in the crypto industry.Eric Trump and Donald Trump Jr. said they would join forces with the Bitcoin mining company Hut 8 to create a firm called American Bitcoin. Bitcoin mining is a lucrative branch of the crypto industry, in which large companies run energy-guzzling machines that help process Bitcoin transactions.\u201cFrom the start, we\u2019ve backed our conviction in Bitcoin, personally and through our businesses,\u201d Donald Trump Jr. said in a statement. \u201cBut simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.\u201dUnder the terms of the deal, Hut 8 will control 80 percent of the new company, with the other 20 percent going to a business entity called American Data Centers Inc. whose investors include the two Trump sons. The announcement on Monday by Hut 8 listed Eric Trump as a co-founder of the new mining venture and said he would serve as its chief strategy officer.The mining project is the third major crypto venture that the Trump family has started over the past year. During the campaign, Donald Trump and his sons launched a crypto company, World Liberty Financial, that offers two types of digital currencies, including a so-called stablecoin unveiled last week.Then, on the eve of Mr. Trump\u2019s inauguration, he and his wife, Melania Trump, each launched a memecoin, a type of cryptocurrency based on an online joke or mascot.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":25057,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-25055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25055"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25055\/revisions"}],"predecessor-version":[{"id":25058,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25055\/revisions\/25058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/25057"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}