In an exclusive interview, Hut 8 CEO Asher Genoot discussed the new venture, American Bitcoin, featuring members of the Trump family. The goal is to create a leading Bitcoin mining platform in the U.S., capitalizing on the decline of Chinese mining and the growing favorable sentiment for Bitcoin under Trump's administration. Genoot emphasized efficiency and cost-effectiveness over size, highlighting the necessity of low operational costs for profitability. American Bitcoin aims to mine BTC at a low cost and potentially expand its services within the Bitcoin ecosystem. Currently, Hut 8 holds over 10,000 BTC and is looking to expand significantly with this new structure. The company faces criticism regarding power consumption in mining, which Genoot counters by stating that energy use has historically fueled technological advancement, and he mentions that much of the energy used is renewable. The venture is focused on scaling and plans to go public on a U.S. exchange soon.

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