Two of President Trump’s sons notified On Monday, they invested in a new bitcoin mining company, which is an extension of the business interests of the family in the cryptometer.
Eric Trump and Donald Trump Jr. They said they would connect with Bitcoin’s mining company 8 to create a company called American Bitcoin. Bitcoin mining is a lucrative branch of the crypt industry in which large companies operate machines on energy that help to process bitcoin transactions.
“From the beginning we have supported our beliefs in Bitcoins, personally and through our businesses,” said Donald Trump Jr. in its statement. “But simply buying bitcoins is just half the story. The mining of its favorable economics opens an even more opportunity.”
According to the terms of the agreement, Chat 8 will control 80 percent of the new company, while another 20 percent goes to a business entity called American Data Centers, whose investors include two sons of Trump. The announcement on Monday at the 8th Cottage said Eric Trump as a co -founder of the new mining company and said it would serve as its main strategic director.
The mining project is the third main crypto company that Trump’s family has begun in the last year. During the campaign, Donald Trump and his sons were launched by World Liberty Financial, which offers two types of digital currencies, including the so -called Stablecoin introduced last week.
Then, on the eve of the inauguration of Mr. Trump, he and his wife Melania Trump launched memecoin, a kind of cryptocurrency based on an online joke or mascot.
According to government experts on the ethics of the government, these business companies created these business companies. Since joining Mr. Trump, Mr. Trump has released the promotion of the cryptoviště and announced the creation of a government supply of bitcoins and other digital currencies.
Four years ago, Mr. Trump was a crypto skeptic who released Bitcoin as “scam”. Now he regularly promises to transform the United States into a “crypto capital of the planet”.
Bitcoin mining was one of the most criticized features of the crypto industry. When Bitcoin was a niche, news, anyone could run a computer program that would help process bitcoin transactions and earn new bitcoins as a reward.
But as the industry grew, the amount of computing energy needed for mining increased sharply. Public traded companies such as HUT 8 are operated by large data centers full of servers that drive bitcoin transactions. These mining operations have triggered complaints of environmental organizations and people living near noisy machines.
The beginnings of the Trump Trump Truck Mining Truck notified Creating US data centers. At that time, Eric Trump, a member of the Dominari Advisory Board, said the company was designed to develop a computational infrastructure for the artificial intelligence sectors.
For the time being, however, the aim of mining Bitcoins. According to the announcement, the Trump family will focus on the operation of mining machines on bitcoins and on creating a large supply of cryptocurrency. AND post He said in the new company’s account that Eric Trump would present a “vision and strategy” for American bitcoins on Tuesday.
