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Miami-based Hut 8, previously a crypto miner, has made a strategic shift to focus on energy infrastructure and data centers after launching American Bitcoin with the Trump sons. This evolution in their business model is a key aspect of their partnership with American Bitcoin.
Hut 8 will lease data centers to American Bitcoin, Genoot said.
Trump’s critics have accused him of conflicts of interest in promoting the crypto industry at a time when his family is involved in the sector. However, these allegations have been firmly denied by the White House, which has reassured the public about the company's integrity.
Genoot reiterated that American Bitcoin’s business had nothing to do with the government, and Eric Trump's involvement was mainly in strategic areas, such as bitcoin mining, new site development, and treasury strategy. This reaffirms the company's independence and business focus.
