US EditionEric Trump Announces Ambitious Plans for American Bitcoin at Consensus 2025
- Eric Trump and Hut 8 co-founder Asher Genoot unveiled American Bitcoin, a bitcoin mining firm, at Consensus 2025 in Toronto on May 15, 2025.
- Their partnership formed partly in response to political attacks on Trump's family and the crypto community, which united two previously unlikely collaborators.
- They highlighted the strategy of mining bitcoin within the United States by leveraging some of the most affordable energy sources available, allowing acquisition of the asset at approximately one-third of its current market price.
- Trump noted that extracting an asset at approximately one-third of its current market cost, especially in the U.S. Where energy expenses are among the lowest, combined with bitcoin's 60% annual growth, makes it one of the most valuable stores of wealth in history.
- The company aims to accumulate large bitcoin holdings while competing to be the cheapest miner, with Consensus expanding to Hong Kong and Miami in 2026.
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Bubblemaps Warns: Fake Eric Trump Token Poses Risks of Becoming Rug-Making Scheme
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Total News Sources67
Leaning Left10Leaning Right7Center15Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 31%
C 47%
R 22%
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