Hut 8 announced a collaboration with Eric Trump to establish a bitcoin mining enterprise named American Bitcoin. Through a merger, Hut 8 shifted the bulk of its mining activities to American Data Centers, in which Eric Trump and Donald Trump Jr. are part of a consortium of investors. This move exemplifies the increasing interest of the Trump family in the cryptocurrency sector as it progresses towards wider acceptance. President Trump has pledged to be the "crypto president" who will promote its mainstream adoption in the United States. In premarket trading, Hut 8's U.S.-listed shares rose by 6.4%, although they have declined by 42.8% year-to-date as of the previous close. According to Donald Trump Jr., their belief in Bitcoin has led to their investments in the cryptocurrency and its mining activities. American Bitcoin will primarily engage in bitcoin mining and establish a strategic bitcoin reserve, with Matt Prusak as CEO and Eric Trump as chief strategy officer. The company's future plans include going public to enhance its access to funding. This move will allow Hut 8 to concentrate on the energy and digital infrastructure sectors with more stability. Hut 8 will act as the exclusive infrastructure and operational partner for American Bitcoin.