💨 Abstract

Canadian mining company Hut 8 has partnered with Eric Trump to launch American Bitcoin, a bitcoin mining company. The new venture will focus on bitcoin mining and building a strategic bitcoin reserve. The Trump family's involvement in the crypto industry is increasing as it moves towards mainstream acceptance. President Trump has expressed support for cryptocurrencies. American Bitcoin plans to be publicly listed in the future. Hut 8 will serve as the exclusive infrastructure and operating partner for the new company.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖