The Trumps Mine BTC Now: Inside American Bitcoin w/ Matt Prusak

Apr 8, 2025

Matt Prusak, CEO of American Bitcoin, sheds light on the bold partnership with Hut 8, backed by the Trump family. He discusses the significant shift of Hut 8's self-mining assets to American Bitcoin, aiming for an ambitious growth to 50 EH/s. Prusak emphasizes an 'America First' ethos in Bitcoin mining, focusing on domestic manufacturing and sustainability. Listeners will find insights on future plans for public trading and how these strategic moves could reshape the landscape of the Bitcoin industry.

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INSIGHT

American Bitcoin Partnership

Hut 8 and the Trumps partnered to form American Bitcoin, combining industrial-scale expertise with a vision for American Bitcoin mining leadership.
This partnership leverages Hut 8's infrastructure and the Trumps' advocacy for crypto.

INSIGHT

American Bitcoin Structure

American Bitcoin is structured as a carve-out, not a spin-out, enabling immediate scale through asset acquisition.
Hut 8 provides initial mining capacity, while the Trumps bring capital markets expertise.

INSIGHT

Hut 8's Gain

Hut 8 gains a focused mining vehicle with an 80% stake in American Bitcoin.
This allows Hut 8 to concentrate on infrastructure and energy while American Bitcoin focuses on mining.

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