Eric Trump Announces Major Investment in Bitcoin Mining with New Facility
November 30, 202538 ViewsRead Time: 1 minutes
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Eric Trump, the son of former U.S. President Donald Trump, recently showcased one of the largest bitcoin mining facilities globally in a brief video posted on the platform "X." He extended an invitation to potential investors to join his company, American Bitcoin (ABTC), which is publicly traded on Nasdaq.
In the video, Eric highlighted that the facility is equipped with approximately 35,000 liquid-cooled servers, enabling it to mine about 2% of the total bitcoin mined each day. He emphasized the tangible nature of the operation, stating: "Bitcoin is not just an intangible asset; these servers and devices are very tangible."
American Bitcoin was formed through the merger of American Data Centers and Hut 8. Eric and his brother, Donald Trump Jr., collectively hold around 20% of the company, while Hut 8 oversees the technical operations with a fleet of 61,000 mining devices.
Additionally, the Trump family established World Liberty Financial before the former president's second inauguration, which issues a stablecoin called WLFI, pegged to the U.S. dollar. Furthermore, Trump Media & Technology Group invested $2 billion in bitcoin last July, increasing its holdings to 11,500 bitcoins.
In the video, Eric highlighted that the facility is equipped with approximately 35,000 liquid-cooled servers, enabling it to mine about 2% of the total bitcoin mined each day. He emphasized the tangible nature of the operation, stating: "Bitcoin is not just an intangible asset; these servers and devices are very tangible."
American Bitcoin was formed through the merger of American Data Centers and Hut 8. Eric and his brother, Donald Trump Jr., collectively hold around 20% of the company, while Hut 8 oversees the technical operations with a fleet of 61,000 mining devices.
Additionally, the Trump family established World Liberty Financial before the former president's second inauguration, which issues a stablecoin called WLFI, pegged to the U.S. dollar. Furthermore, Trump Media & Technology Group invested $2 billion in bitcoin last July, increasing its holdings to 11,500 bitcoins.
