Early to Donald The second term of Trump as the US president, general director of the Energy Infrastructure Company, Hut 8, Asher Genoot and the director of the strategy Hut 8 Michael Ho shared a pizza with a gaunt shell with the son of Trump in the Trump golf club in Jupshilia, Florida. They talked for hours, says Genoot, and submitted a business undertaking, which was very interested in Trump: Bitcoin Mining Alliance.
For the first time they met through joint friends at the end of 2024: Genoot says that he showed photos of their “beautiful, liquid cool data center” in Amarillo, Texas. Genoot says that Eric was intrigued and told Genoot Stories about growing up with his dad at construction facilities. Pizza Night Evite has evolved on Genoot, to the law of everyday meetings. Result? A company called American Bitcoin, which began on April 1. Hut 8, which Reports Having “1,020 megawatts of energy capabilities in management in 15 sites in the USA and Canada”, is the owner of 80 percent of the company, while Trump, his brother Donald Jr. and older shareholders of their former business centers, American Data Center, have the remaining 20 percent. Eric is a co -founder and strategic director American Bitcoin.
Matt Prusak, general director of American Bitcoin (who is also a former director of Hut 8-related The Bitcoin Ionic Digital mining company says that Trump brothers brought “two things to the table.” One of them was access to capital markets, through Trump’s international business connections, while the second and probably more convincing added value was Prusak, “narrative” – the one who has the family name of Trump.
Although Prusak says that Eric is “one phone away from many different people with whom we can cooperate”, he and Genoot insist that Eric’s position on the team does not give them a direct line of the president. Rather, they emphasize Eric’s connections with immense family offices and institutions. “Institutions in Europe in Canada, now more and more often in the Middle East, are interested in strategic adaptation to the American Bitcoin,” says Prusak.
In March, Binance Crypto Exchange announced $ 2 billion Investments from a fund supported by the government of Abu Dhabi. Two months later, Stablecoin was chosen for the World Liberty Financial’s World Liberty Financial, he was chosen. July 18 President Trump signed the Genius Actwhich regulates Stablecouins, to the right. House provisions adopted Laying the principles of the cryptographic market the previous day, which the president asked for land on the desk until August.
“We are able to use the American energy history,” says Prusak, noting that Erica and Donald Jr. It is immense and more and more interested in bitcoins. Sean Glennan, financial director of Hut 8, who previously worked in Citi, calls his current “imitation” industry-using a public director from one of the most possible family memes in the world.
“American Bitcoin is extremely positioned for faster scaling and slimmer action than anyone in space,” said Eric in a written statement for Wired, citing Hut 8 achievements, infrastructure and energy knowledge as “incomparable”.
Will Foxley, co -founder of the media oriented on Bitcoin extraction, puts him more directly. In a crowded mining industry, he says: “There are only a few ways to stand out – one of these ways may be to acquire the President’s son to find a company.”