Bitcoin News: Hut 8 Launches Major Bitcoin Mining Venture with Trump Family

Hut 8 Mining Corp., a leading cryptocurrency mining firm, has announced a significant partnership with members of the Trump family to launch a large-scale Bitcoin mining operation in the United States. Here’s a closer look at the details of this groundbreaking venture.

Hut 8 CEO Discusses Tie-Up with Trump Family for Bitcoin Mining Venture

Hut 8 CEO Asher Genoot spoke in a Bloomberg interview about the company’s newly launched American Bitcoin mining venture in partnership with members of the Trump family. The venture is not starting from scratch but rather launching as a scaled mining operation from day one. Hut 8 will contribute its mining rigs in exchange for an 80% stake in American Bitcoin, allowing the venture to begin with substantial infrastructure and operational capacity to mine Bitcoins (BTC). Genoot emphasized that they will build and scale the business together rather than starting as a startup.

Senator Ted Cruz Introduces FLARE Act for Bitcoin Mining

Senator Ted Cruz introduced legislation on April 1 called the Facilitating Lower Atmospheric Released Emissions (FLARE) Act. The bill aims to repurpose flared gas from oil drilling operations for mining Bitcoin (BTC) and other digital assets. The legislation proposes providing tax incentives through full expensing, allowing companies to deduct the cost of qualified property immediately. According to Cruz, the bill addresses two challenges simultaneously: reducing oil and gas industry emissions and encouraging energy use innovation. By labeling digital asset mining a value-added activity, the Flare Act could shift federal treatment of mining infrastructure to support broader energy and environmental goals.

SAVVY MINING: A New Way to Achieve Financial Freedom with Cloud Mining

SAVVY MINING, the most popular project in April, claims to make $5,000 a day. Since 2010, cryptocurrencies have become a preferred investment option for investors globally. However, the market remains complex for many, making simplicity and profitability crucial when choosing a platform. Cloud mining offers a simpler option for beginners, and SAVVY MINING is one of the main cloud mining platforms today. To improve this alternative, SAVVY MINING has launched the new Antminer, a series of ASICS cryptocurrency mining equipment manufactured by Bitmain, creating a more powerful and efficient method of Bitcoin (BTC) extraction.

GoMining Debuts Institutional Division, Launches $100m Bitcoin Yield Fund

GoMining has launched a new division, GoMining Institutional, with a new $100 million Alpha Blocks Fund designed to offer structured exposure to Bitcoin mining for professional investors. The fund is fully managed and aims to provide institutional investors with exposure to mining-backed yield without the operational overhead. GoMining has delivered over 4,000 Bitcoin (BTC) in rewards to its more than 3 million users.

Bitcoin Mining Edges Toward Green Dominance by 2030

A report by MiCA Crypto Alliance and data analytics firm Nodiens reveals that renewable energy could power over 70% of Bitcoin (BTC) mining operations by 2030. The shift comes as miners transition away from fossil fuels in favor of cleaner alternatives like wind, solar, hydro, and energy from waste. Renewable energy use in mining stood at 41% by the end of 2024, up from 20% in 2011. Notably, solar and wind energy have seen remarkable growth, accounting for 6.07% and 10.86% of total energy consumption in 2024, respectively. The report also highlights that coal-based energy in Bitcoin mining has dropped significantly, from 63% in 2011 to just 20% in 2024.