THE MINING POD: The Trumps Mine BTC Now: Inside American Bitcoin w/ Matt Prusak

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4.7 • 698 Ratings

🗓️ 8 April 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hut 8 is splitting its mining business into a new subsidiary, American Bitcoin, with backing from Eric Trump and Donald Trump Jr. Here’s why. You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 10,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! Today, Matt Prusak, CEO of American Bitcoin, joins us to discuss the strategic partnership between HUT 8 and the Trump family for its latest subsidiary, American Bitcoin. Hut 8 is reallocating nearly all of its self-mining assets (10 EH/s) to American Bitcoin and taking an 80% stake in the company. Prusak explains why Hut 8 has taken this approach to focus self-mining efforts with American Bitcoin while the parent company focuses on energy, infrastructure, and AI. Plus, he touches on American Bitcoin’s ambitious plans to reach 50 EH/s and the company’s plans to go public. # Notes: - HUT 8 allocated mining assets for 80% stake - Starting with 10 EH/s, targeting 50 EH/s - American Bitcoin will build own Bitcoin treasury - Emphasizes "America First" Bitcoin ethos - Plans to go public in the future - Targeting sub-15 joules per terahash efficiency Timestamps: 00:00 Start 01:45 Starting American Bitcoin 02:49 Business structure 03:43 What does Hut 8 gain? 04:52 AI & HPC pivot 06:19 New pools of capital? 07:32 New facilities? 08:21 Hut 8 & Bitmain deal 09:27 Roadmap 10:19 Power generation 12:00 Favoring domestic hardware? 13:28 Dividing responsibilities 14:41 Separate treasuries? 14:52 Financials & IPO 16:29 Two public companies 18:58 Fundraising 21:41 Balancesheets 22:58 Hut 8 expenses 26:36 Vibe shift 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.7	What's up, y'all? Welcome back to the mining pod. For today's show, we've got a timely
0:53.9	episode with Matt Prusack, the CEO of American Bitcoin, following the news still hot off the press of Hutt 8, establishing a partnership with Eric Trump and Donald Trump Jr. and other investors for this new subsidiary American Bitcoin. Now, for those who maybe didn't follow the news, HUD-8 is allocating virtually
1:11.0	all of its self-mining assets to American Bitcoin in exchange for 80% stake in the company. It is now
1:16.8	a subsidiary of HUD-8. So I ask Matt, what exactly HUD-8 has to gain from this arrangement,
1:23.2	what American Bitcoin's plans are for a potential public listing and how the company will operate
1:28.7	with HUD-A and how they will share responsibilities, what this means for HUD-A's financial reporting,
1:33.5	SG&A and all that good stuff. Basically, what will this new structure look like? What does it mean
1:38.6	for both companies as they forge their own path? Hope you enjoy this conversation. I thought it was
1:43.2	pretty enlightening. One of the bigger news items to come out of recent weeks. So enjoy the show y'all. Let us know what you think.
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	...

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