Winklevoss Twins Fuel Trump-Backed Bitcoin Mining Operation With Massive Crypto Injection

The Winklevoss twins just supercharged a controversial Bitcoin mining venture—one with ties to former President Trump—with a heavyweight crypto investment. Here's why it matters.

Power Play in Politico-Crypto Mining

Cameron and Tyler Winklevoss, the billionaire Bitcoin evangelists, are doubling down on mining infrastructure. Their latest move? Pouring undisclosed millions into a Trump-linked operation that's racing to capitalize on post-election energy policy shifts.

Mining the Political Angle

The timing reeks of opportunism—this venture stands to benefit from potential regulatory rollbacks if Trump retakes the White House. The twins clearly aren't betting on Bitcoin's price alone; they're wagering on Washington's dysfunction to boost their ROI. How very Wall Street of them.

Hashrate Meets Hardball Politics

This isn't just about racking up BTC rewards. The play signals crypto's growing Washington endgame: buying influence where it counts. As one mining exec quipped (off the record): 'The only proof-of-work that matters in DC is lobbying.'

The Bottom Line

While purists scream about decentralization, the smart money's playing the game—and the Winklevoss twins just placed their chips on red, white, and orange. Will this move mint them a fortune... or leave them holding the bag when the political winds shift again? Only the blockchain knows for sure.

Political And Crypto Ties Grow Closer

This isn’t the first time the Winklevoss twins and the Trump family have crossed paths. The twins have previously donated to President Donald Trump’s campaign.

They were also present at a White House crypto summit in March and attended the signing of recent crypto legislation.

Genoot said the company’s structure will give it the scale and capital it needs to compete in the Bitcoin mining industry.

Trump Family In Business With Hut 8

American Bitcoin Corp. began operations in March through a partnership with Hut 8, which holds 80% of the company.

The other 20% belongs to American Data Centers, a firm backed by Eric Trump and Donald Trump Jr. Eric is also the company’s director for strategic planning.

Based on earlier Bloomberg reporting, his stake could be valued as much as $367 million once the company makes its public debut.

The company plans to go public through an all-stock merger with Nasdaq-listed Gryphon Digital Mining Inc., trading under the ticker “ABTC.”

Just this week, shareholders of Gryphon began voting on the deal. If given the greenlight, the collaboration is expected to be finalized by early September.

American Bitcoin says its focus will be on both mining and holding Bitcoin, building a long-term reserve from its own production.

The Winklevoss twins, who run the Gemini crypto exchange, contributed their share in Bitcoin, according to reports. A Gemini representative declined to comment on the investment.

American Bitcoin’s $220 million raise signals aggressive plans for expansion. A Hut 8 filing shows around $10 million of newly issued equity was sold for Bitcoin instead of cash, reflecting the company’s goal to accumulate the asset directly.

Donald Trump Jr. has said that mining, along with holding Bitcoin, will be central to the company’s long-term strategy.

Featured image from Unsplash, chart from TradingView