Trump Sons Launch Bitcoin Mining Venture With Hut 8

On March 31, 2025, Donald Trump Jr. and Eric Trump merged their firm, American Data Centers, with publicly traded bitcoin miner Hut 8 to form American Bitcoin Corp., a venture focused on bitcoin mining and building a strategic Bitcoin reserve. The Trump brothers hold a 20% stake, with Hut 8 owning the remaining 80% and managing core business functions; Eric Trump serves as the company's chief strategy officer. The venture mattered because it extended the president's family further into a crypto and energy-intensive industry at the same time federal regulators were easing oversight of digital assets, raising the same conflict-of-interest concerns as the family's other crypto ventures: that policy decisions made by the administration could directly benefit a family business. Supporters characterized the deal as a straightforward business expansion into a growing industry. Critics said it reinforced a pattern in which regulatory rollbacks coincided with new opportunities for profit specifically available to the president's relatives, blurring the distinction between public office and private enterprise.