⛏ Eric Trump, the son of U.S. President Donald Trump, once again found himself in the spotlight of the crypto industry by presenting to the world the capacities of his mining company American Bitcoin, which he is developing together with the well-known Canadian mining giant Hut8 and his older brother. The company positions itself as a serious player in the bitcoin mining market, focused on using modern and scalable technologies to ensure high performance and resilience to market fluctuations.
At a demonstration organized for investors and media representatives, Eric showed the latest-generation equipment, including specialized ASIC miners, which provide high block-processing speed in the bitcoin network. He emphasized that the infrastructure of American Bitcoin is built with energy efficiency and scalability in mind, which is especially important amid growing competition and global pressure on electricity costs.
The collaboration with Hut8, one of Canada’s largest publicly traded mining companies, allows American Bitcoin to integrate advanced technological solutions and benefit from the experience of operating large mining farms, while the involvement of Trump’s older brother adds family recognition and public interest to the project.
Eric noted that American Bitcoin aims for steady hash rate growth and the creation of long-term value for investors, as well as the development of infrastructure for local communities where the mining farms are located. The company plans to expand capacity, introduce next-generation cooling systems, and optimize electricity consumption to reduce costs and increase profits.
In addition, Trump Jr. confirmed his strategic view on bitcoin investments. “Right now is a great time to buy bitcoin. There is no doubt about it,” he said in an interview with CNBC on November 22, responding to a question about potentially increasing his company’s bitcoin reserves.
According to BitcoinTreasuries.net, American Bitcoin owns 4004 bitcoins with a total value of around $350 million.
“Bitcoin has become the greatest asset of our time,” Eric stated, highlighting the “incredible” returns of the largest cryptocurrency over the past decade. He reaffirmed his belief that the bitcoin price will eventually reach $1 million, although this will take “several years.”
“People who buy the dips and embrace volatility will be the biggest winners. I have never been so ‘bullish’ about the future of cryptocurrencies and the modernization of the financial system,” he added in a statement to Bloomberg.
The demonstration of American Bitcoin’s capacities and Trump Jr.’s public statements clearly show that the Trump family considers mining and bitcoin a key element of a long-term financial strategy, actively combining infrastructure investments with investments in digital assets.
A fragment of the video of Trump’s “creation” can be viewed in our Telegram channel.
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