Eric Trump Unveils Major Bitcoin Mining Complex and Business Venture
November 30, 202555 VistasTiempo de lectura: 1 minutos
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Eric Trump, son of former U.S. President Donald Trump, recently showcased one of the largest Bitcoin mining complexes globally in a brief video on the platform "X." He extended an invitation to potential investors to join his publicly traded company, "American Bitcoin" (ABTC), listed on Nasdaq.
According to Eric, the complex is equipped with around 35,000 liquid-cooled servers that can mine approximately 2% of the total Bitcoin produced each day. He stated, "Bitcoin is not just intangible assets; these servers and devices are very tangible."
"American Bitcoin" was established through the merger of "American Data Centers" and "Hut 8," with Eric and his brother Donald Trump Jr. owning about 20% of the company. "Hut 8" oversees the technical operations, utilizing 61,000 mining devices.
Additionally, the Trump family founded "World Liberty Financial" prior to the former president's second inauguration, which issues a stablecoin called "WLFI" backed by the U.S. dollar. Furthermore, "Trump Media & Technology Group" invested $2 billion in Bitcoin last July, increasing its holdings to 11,500 Bitcoin.
According to Eric, the complex is equipped with around 35,000 liquid-cooled servers that can mine approximately 2% of the total Bitcoin produced each day. He stated, "Bitcoin is not just intangible assets; these servers and devices are very tangible."
"American Bitcoin" was established through the merger of "American Data Centers" and "Hut 8," with Eric and his brother Donald Trump Jr. owning about 20% of the company. "Hut 8" oversees the technical operations, utilizing 61,000 mining devices.
Additionally, the Trump family founded "World Liberty Financial" prior to the former president's second inauguration, which issues a stablecoin called "WLFI" backed by the U.S. dollar. Furthermore, "Trump Media & Technology Group" invested $2 billion in Bitcoin last July, increasing its holdings to 11,500 Bitcoin.
