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Donald Trump's Son and Strategic Reserve-Focused New Company from Bitcoin Giant! - Coin Bulletin
Hut 8 Mining, which has made a new breakthrough in the field of Bitcoin mining, and Eric Trump, son of U.S. President Donald Trump, announced the establishment of a mining company called American Bitcoin.
Hut 8, as an important player in energy infrastructure and digital systems, aims to revolutionize the field of Bitcoin mining by establishing American Bitcoin. This new initiative, created with the contributions of Eric Trump, plans to make the company's mining operations more efficient and strategic.
Eric Trump expressed his belief in the future of the initiative by saying, "We will strengthen our passion for Bitcoin and decentralized finance by partnering with Hut 8."
American Bitcoin aims to increase its efficiency in the sector by utilizing Hut 8's existing mining infrastructure and to create a strategic Bitcoin reserve. Hut 8 plans to generate strong revenue streams with long-term agreements that will meet the infrastructure and operational needs of this new company.
A new era begins: High efficiency in Bitcoin Mining
American Bitcoin's goal is to become the largest and most efficient Bitcoin miner in the world. In line with this goal, they plan to achieve a hash rate of 50+ EH/s and to mine with low energy consumption. Additionally, the company aims to become a publicly traded company.
This strategic move makes Hut 8's mining operations more autonomous and allows both companies to focus on their specific goals. Asher Genoot, CEO of Hut 8, stated that this step will allow the company to achieve more predictable and lower-cost operations.