The Trump family is further expanding its interests in the cryptocurrency industry through a new bitcoin mining venture. President Trump’s sons, Eric and Donald Trump Jr., have partnered with Hut 8, a publicly traded bitcoin mining company, to establish American Bitcoin Corp. Eric Trump will take on the role of chief strategy officer in the newly formed company, which aims to go public. The venture may collaborate with World Liberty Financial, a decentralized finance project recently created by the Trump family. This move marks the third significant crypto project announced by the Trumps following President Trump’s shift to support the digital currency industry before his election. Bitcoin mining has proven to be a profitable venture, especially for large-scale operations utilizing advanced technology.
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