The Trump Family Advances Its All-Out Crypto Blitz, This Time With Bitcoin Mining
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,822,183 (-0.43%)       Melbourne $1,078,813 (-0.33%)       Brisbane $1,264,391 (-0.87%)       Adelaide $1,112,777 (+0.12%)       Perth $1,149,218 (-1.55%)       Hobart $856,229 (+0.59%)       Darwin $886,634 (-5.18%)       Canberra $1,078,947 (-0.81%)       National Capitals $1,224,455 (-0.79%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $821,384 (-0.41%)       Melbourne $550,948 (-0.31%)       Brisbane $839,757 (+0.74%)       Adelaide $560,009 (-3.62%)       Perth $677,037 (-0.51%)       Hobart $581,017 (-0.34%)       Darwin $465,561 (+5.05%)       Canberra $509,688 (+0.21%)       National Capitals $653,196 (-0.17%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 13,369 (+370)       Melbourne 16,279 (+411)       Brisbane 7,326 (+232)       Adelaide 2,642 (+103)       Perth 5,799 (+92)       Hobart 869 (+34)       Darwin 127 (+5)       Canberra 1,161 (+61)       National Capitals 47,572 (+1,308)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,191 (+212)       Melbourne 6,775 (+66)       Brisbane 1,471 (+54)       Adelaide 413 (+27)       Perth 1,179 (+39)       Hobart 165 (+5)       Darwin 178 (-3)       Canberra 1,188 (+7)       National Capitals 20,560 (+407)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $830 ($0)       Melbourne $595 (+$5)       Brisbane $700 (+$10)       Adelaide $650 ($0)       Perth $750 ($0)       Hobart $640 (-$3)       Darwin $800 (-$10)       Canberra $720 (-$5)       National Capitals $719 (-$1)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $810 (-$10)       Melbourne $580 ($0)       Brisbane $650 ($0)       Adelaide $550 ($0)       Perth $700 (-$10)       Hobart $520 (-$30)       Darwin $605 (-$35)       Canberra $598 (-$3)       National Capitals $639 (-$10)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,362 (+159)       Melbourne 7,007 (+228)       Brisbane 3,620 (+124)       Adelaide 1,477 (+64)       Perth 2,297 (+130)       Hobart 240 (+14)       Darwin 49 (+5)       Canberra 399 (+10)       National Capitals 20,451 (+734)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 8,450 (+241)       Melbourne 4,569 (+74)       Brisbane 1,844 (+33)       Adelaide 418 (-4)       Perth 652 (+14)       Hobart 77 (+9)       Darwin 76 (-4)       Canberra 640 (+41)       National Capitals 16,726 (+404)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.37% (↑)      Melbourne 2.87% (↑)      Brisbane 2.88% (↑)        Adelaide 3.04% (↓)     Perth 3.39% (↑)        Hobart 3.89% (↓)     Darwin 4.69% (↑)      Canberra 3.47% (↑)      National Capitals 3.05% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.13% (↓)     Melbourne 5.47% (↑)        Brisbane 4.02% (↓)     Adelaide 5.11% (↑)        Perth 5.38% (↓)       Hobart 4.65% (↓)       Darwin 6.76% (↓)       Canberra 6.10% (↓)       National Capitals 5.08% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 29.5 (↑)      Melbourne 29.5 (↑)      Brisbane 27.9 (↑)      Adelaide 24.4 (↑)      Perth 34.4 (↑)      Hobart 28.4 (↑)      Darwin 28.6 (↑)      Canberra 28.1 (↑)      National Capitals 28.8 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 28.3 (↑)      Melbourne 28.4 (↑)        Brisbane 26.7 (↓)     Adelaide 21.8 (↑)        Perth 32.8 (↓)     Hobart 31.9 (↑)      Darwin 35.3 (↑)      Canberra 39.7 (↑)      National Capitals 30.6 (↑)            
Share Button

The Trump Family Advances Its All-Out Crypto Blitz, This Time With Bitcoin Mining

A business led by two of the president’s sons will invest in American Bitcoin, a new mining company controlled by Hut 8.

By VICKY GE HUANG
Tue, Apr 1, 2025 4:31pmGrey Clock 3 min

The president’s two oldest sons are investing in a bitcoin-mining company, adding to the Trump family’s expanding portfolio of cryptocurrency businesses.

Eric Trump and Donald Trump Jr.’s American Data Centers will merge with and take a 20% stake in American Bitcoin, a mining operation majority-owned by Hut 8 , the publicly traded crypto-infrastructure company. Together, they aim to create the world’s largest miner of the digital currency, with designs on building its own “bitcoin reserve.”

In a matter of months, the Trumps started a decentralized-finance, or DeFi, project called World Liberty Financial , said their social-media company would invest in bitcoin and other digital assets, launched meme coins to capitalize on the popularity of the president and his wife and announced plans to issue a World Liberty dollar-backed stablecoin . And in his return to the White House, President Trump has said he aims to make the U.S. the “crypto capital of the world.”

The digital networks that comprise the cryptocurrency markets have offered the Trumps an ideal complement to their other family business: real estate, Eric Trump told The Wall Street Journal.

“We are a hard-asset family. I’m a hard-asset guy,” said Eric Trump, who will serve as American Bitcoin’s chief strategy officer. “My entire life has been spent building things, and I don’t think there is ever a better hedge against all of that than the true digital assets.”

American Data Centers was launched in February by Eric Trump, his brother Donald Jr. and Dominari , a small investment firm that recently appointed the Trump brothers as advisers.

As part of the deal, Hut 8 will shift nearly 61,000 of its specialized bitcoin-mining machines to American Bitcoin in exchange for an 80% ownership in the new entity. The companies said no cash changed hands in the deal.

Eric Trump said American Bitcoin, which aims to go public, will remain a separate venture from the Trump Organization, the family real-estate empire he runs. But World Liberty, the DeFi platform Eric Trump called his “whole heart and soul” might collaborate with the bitcoin-mining operation in the future, he said.

American Bitcoin’s executives said their plans to mine and stockpile bitcoin for their own reserve are unrelated to the U.S. strategic crypto reserve that President Trump established earlier this month with an executive order.

Bitcoin, the world’s most-popular digital asset, is created by computer servers that solve complex equations, unlocking, or “mining” new tokens.

The business of mining new bitcoin has grown more challenging as new companies have sprung up to capitalize on rising prices and the number of unmined tokens has dwindled. Bitcoin’s pseudonymous creator, Satoshi Nakamoto , capped the digital currency’s supply at 21 million, and more than 90% of those tokens have already been released. Critics also raised concerns about the environmental impact of bitcoin mining , pointing to the massive amounts of energy required to run mining operations.

Some critics also said they were concerned that the Trumps’ recent investments in crypto pose conflicts of interest, given Donald Trump’s return to the White House.

“At least in the last term, it was all golf courses and hotels, whereas now he’s getting into crypto, which could have a systemic effect on the economy,” said Richard Painter , a former ethics attorney for President George W. Bush . “This is an area where conflicts of interest, whether the Trump family or anybody else, could have devastating consequences.”

Hut 8, based in Miami, will host American Bitcoin’s mining machines at its data centers and include the new company’s results in its financial statements.

Asher Genoot , Hut 8’s chief executive, said the company’s ability to secure cheap energy, build low-cost data centers and mine bitcoin at a low cost will help differentiate American Bitcoin from competitors. Hut 8 owns 11 data centers.

“There is still 100-plus years of bitcoin mining left, and bitcoin continues to appreciate,” Genoot said. “Being the lowest-cost bitcoin miner is how you will continue to manage through that volatility and being able to be at scale.”

Eric Trump said American Bitcoin and other U.S.-based miners will benefit from the recent decline in energy prices.

“That is what puts bitcoiners in this country,” he said. “It is going to put them ahead of everybody because we actually have a government that wants to see low-cost energy.”

Mike Ho, chief strategy officer of Hut 8, will serve as executive chairman of American Bitcoin. Matt Prusak, former chief commercial officer of Hut 8, will become the company’s CEO.

Venture-capital investors Justin Mateen , co-founder of Tinder, and Michael Broukhim , co-founder of FabFitFun, an e-commerce startup, will join Hut 8’s Ho and Genoot as the board of directors for American Bitcoin.



MOST POPULAR

From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.

A haven for hedge-fund titans and Hollywood grandees, Greenwich is one of the world’s most expensive residential enclaves, where eye-watering prices meet unapologetic grandeur.

Related Stories
Money
What Is Artemis II? The NASA Mission to Fly Astronauts Around the Moon
By Micah Maidenberg 30/03/2026
Money
Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April
By SUMMER SAID, RYAN DEZEMBER AND DAVID UBERTI 20/03/2026
Money
Gen X Is Stuck in the Middle and Financially Squeezed. How One Financial Adviser Is Helping.
By Anne Field 18/03/2026
What Is Artemis II? The NASA Mission to Fly Astronauts Around the Moon

The lunar flyby would be the deepest humans have traveled in space in decades.

By Micah Maidenberg
Mon, Mar 30, 2026 4 min

It’s go time for the highest-stakes mission at NASA in more than 50 years.  

On April 1, the agency is set to launch four astronauts around the moon, the deepest human spaceflight since the final Apollo lunar landing in 1972.  

The launch window for Artemis II , as the mission is called, opens at 6:24 p.m. ET. 

National Aeronautics and Space Administration teams have been preparing the vehicles to depart from Florida’s Kennedy Space Center on the planned roughly 10-day trip. Crew members have trained for years for this moment. 

Reid Wiseman, the NASA astronaut serving as mission commander, said he doesn’t fear taking the voyage. A widower, he does worry at times about what he is putting his daughters through. 

“I could have a very comfortable life for them,” Wiseman said in an interview last September.  

“But I’m also a human, and I see the spirit in their eyes that is burning in my soul too. And so we’ve just got to never stop going.” 

Wiseman’s crewmates on Artemis II are NASA’s Victor Glover and Christina Koch, as well as Canadian Space Agency astronaut Jeremy Hansen. 

Photo: NASA’s Artemis II SLS rocket and Orion spacecraft being rolled out at night. Miguel J. Rodriguez Carrillo/Getty Images

What are the goals for Artemis II? 

The biggest one: Safely fly the crew on vehicles that have never carried astronauts before.  

The towering Space Launch System rocket has the job of lofting a vehicle called Orion into space and on its way to the moon.  

Orion is designed to carry the crew around the moon and back. Myriad systems on the ship—life support, communications, navigation—will be tested with the astronauts on board. 

SLS and Orion don’t have much flight experience. The vehicles last flew in 2022, when the agency completed its uncrewed Artemis I mission . 

How is the mission expected to unfold? 

Artemis II will begin when SLS takes off from a launchpad in Florida with Orion stacked on top of it.  

The so-called upper stage of SLS will later separate from the main part of the rocket with Orion attached, and use its engine to set up the latter vehicle for a push to the moon. 

After Orion separates from the upper stage, it will conduct what is called a translunar injection—the engine firing that commits Orion to soaring out to the moon. It will fly to the moon over the course of a few days and travel around its far side. 

Orion will face a tough return home after speeding through space. As it hits Earth’s atmosphere, Orion will be flying at 25,000 miles an hour and face temperatures of 5,000 degrees as it slows down. The capsule is designed to land under parachutes in the Pacific Ocean, not far from San Diego. 

Water photo: NASA’s Orion capsule after its splash-down in the Pacific Ocean in 2022 for the Artemis I mission. Mario Tama/Press Pool

Is it possible Artemis II will be delayed? 

Yes.  

For safety reasons, the agency won’t launch if certain tough weather conditions roll through the Cape Canaveral, Fla., area. Delays caused by technical problems are possible, too. NASA has other dates identified for the mission if it doesn’t begin April 1. 

Who are the astronauts flying on Artemis II? 

The crew will be led by Wiseman, a retired Navy pilot who completed military deployments before joining NASA’s astronaut corps. He traveled to the International Space Station in 2014. 

Two other astronauts will represent NASA during the mission: Glover, an experienced Navy pilot, and Koch, who began her career as an electrical engineer for the agency and once spent a year at a research station in the South Pole. Both have traveled to the space station before. 

Hansen is a military pilot who joined Canada’s astronaut corps in 2009. He will be making his first trip to space. 

Koch’s participation in Artemis II will mark the first time a woman has flown beyond orbits near Earth. Glover and Hansen will be the first African-American and non-American astronauts, respectively, to do the same. 

What will the astronauts do during the flight? 

The astronauts will evaluate how Orion flies, practice emergency procedures and capture images of the far side of the moon for scientific and exploration purposes (they may become the first humans to see parts of the far side of the lunar surface). Health-tracking projects of the astronauts are designed to inform future missions. 

Those efforts will play out in Orion’s crew module, which has about two minivans worth of living area.  

On board, the astronauts will spend about 30 minutes a day exercising, using a device that allows them to do dead lifts, rowing and more. Sleep will come in eight-hour stretches in hammocks. 

There is a custom-made warmer for meals, with beef brisket and veggie quiche on the menu.  

Each astronaut is permitted two flavored beverages a day, including coffee. The crew will hold one hourlong shared meal each day.  

The Universal Waste Management System—that’s the toilet—uses air flow to pull fluid and solid waste away into containers. 

What happens after Artemis II? 

Assuming it goes well, NASA will march on to Artemis III, scheduled for next year. During that operation, NASA plans to launch Orion with crew members on board and have the ship practice docking with lunar-lander vehicles that Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin have been developing. The rendezvous operations will occur relatively close to Earth. 

NASA hopes that its contractors and the agency itself are ready to attempt one or more lunar landing missions in 2028. Many current and former spaceflight officials are skeptical that timeline is feasible. 

MOST POPULAR

Ophora Tallawong has launched its final release of quality apartments priced under $700,000.

From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.

Related Stories
Property
Edwardian residence is a refined blend of heritage charm
By Kirsten Craze 17/10/2025
Money
What Is Artemis II? The NASA Mission to Fly Astronauts Around the Moon
By Micah Maidenberg 30/03/2026
Lifestyle
A&K Unveils a New Era of Tailormade Luxury in Africa
By Sponsored Post 26/11/2025
0
    Your Cart
    Your cart is emptyReturn to Shop