Eric Trump Unveils Major Bitcoin Mining Operation and Investment Opportunity
November 30, 202556 VuesTemps de lecture: 1 minutes
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Eric Trump, son of former U.S. President Donald Trump, has announced one of the largest Bitcoin mining complexes globally in a brief video shared on the platform "X." He encouraged interested parties to consider joining his publicly traded company, "American Bitcoin" (ABTC), listed on Nasdaq.
According to Eric, the facility houses about 35,000 liquid-cooled servers, which can mine approximately 2% of the total Bitcoins mined each day. He stated, "Bitcoin is not just an intangible asset; these servers and equipment are very tangible."
"American Bitcoin" was established through the merger of "American Data Centers" and "Hut 8." Eric and his brother, Donald Trump Jr., hold around 20% of the company, while "Hut 8" oversees the technical operations with 61,000 mining devices.
Additionally, the Trump family founded "World Liberty Financial" shortly before the former president's second inauguration, which issues a stablecoin called "WLFI" pegged to the U.S. dollar. Furthermore, the "Trump Media & Technology Group" invested $2 billion in Bitcoin last July, increasing its holdings to 11,500 Bitcoins.
According to Eric, the facility houses about 35,000 liquid-cooled servers, which can mine approximately 2% of the total Bitcoins mined each day. He stated, "Bitcoin is not just an intangible asset; these servers and equipment are very tangible."
"American Bitcoin" was established through the merger of "American Data Centers" and "Hut 8." Eric and his brother, Donald Trump Jr., hold around 20% of the company, while "Hut 8" oversees the technical operations with 61,000 mining devices.
Additionally, the Trump family founded "World Liberty Financial" shortly before the former president's second inauguration, which issues a stablecoin called "WLFI" pegged to the U.S. dollar. Furthermore, the "Trump Media & Technology Group" invested $2 billion in Bitcoin last July, increasing its holdings to 11,500 Bitcoins.
