Donald Trump Jr. and Eric Trump, sons of former US President Donald Trump, are backing a new venture to establish what they aim to be the world's largest Bitcoin mining firm, called American Bitcoin. This initiative is a partnership with Hut 8, a digital asset mining and infrastructure company, which recently announced its acquisition of a majority stake in American Bitcoin, formerly known as American Data Center. The goal is to create an efficient Bitcoin mining platform that builds a robust strategic reserve. Hut 8's CEO, Asher Genoot, described this launch as a critical evolution in their corporate strategy, allowing for focused capital raising and alignment of operational segments. The announcement follows Hut 8's significant BTC acquisition, totaling 10,096 BTC bought at an average price of $24,484.

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