Eric Trump’s Bitcoin Mining Venture Poised for $367 Million Windfall in Public Debut

Bitcoin mining just got a dose of political star power—and Wall Street is scrambling for a piece.

Eric Trump’s stake in a soon-to-public mining operation could rocket to $367 million when it hits the market, according to filings. The move signals a growing convergence of crypto and establishment capital—whether traditional finance likes it or not.

Mining’s next act: From basement rigs to boardrooms.

The Trump-linked venture taps into Bitcoin’s post-halving momentum, where institutional players are elbowing aside retail miners. With energy costs and regulatory hurdles squeezing margins, only well-capitalized operations thrive—apparently even those with a famous last name.

One financier muttered off-record: 'At least this pump won’t need a Twitter meme.'

The Merger Plan and Presidential Support for Crypto 

According to a recent securities filing, it says the combined company will keep the name American bitcoin once the merger is complete. This news lands during a week when President Trump, who was once very doubtful of cryptocurrency, is now encouraging digital asset adoption. 

He recently called for the creation of a national Bitcoin stockpile, promoting what he described as a “golden age of crypto.” WHITE House press secretary Karoline Leavitt stated, “Neither the President nor his family have ever engaged, or will ever engage, in conflicts of interest.”

A separate valuation measure offers a more modest estimate. A private sale of American Bitcoin shares earlier this year priced them at 25 cents each. That lower figure would value Eric Trump’s stake at roughly $92 million. Some of the firms’ investors include both Eric TRUMP and Donald Trump Jr., though the filing does not reveal what they paid.

From Hut 8 to the Crypto Stage

American Bitcoin was created by merging mining equipment from Miami-based Hut 8 Corp. with a new venture backed by the Trump brothers and others. Hut 8 has not commented on the deal. 

In announcing the partnership, Hut 8 praised Eric Trump’s “commercial acumen, capital markets expertise and commitment to the advancement of decentralized financial systems.”

Eric Trump now serves as the company’s chief strategy officer under a three-year advisory deal that comes with no salary. Meanwhile, he continues his role at the Trump Organization and remains involved in other family businesses. 

In May, he joined company executives on stage at a Bitcoin conference. “America is going to win the crypto revolution,” he told the crowd, adding, “We as a family could not be more excited about this.”

If the public listing succeeds, American Bitcoin will place the Trump family among the most visible names in U.S. cryptocurrency mining.

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