Eric Trump Offers Preview of American Bitcoin's Mining Facility, Describing It as 'Tangible Evidence' of Cryptocurrency's Reality
Eric Trump's Virtual Tour: Eric Trump showcased the American Bitcoin Corp.'s mining facility in Texas, emphasizing its use of American energy and claiming the facility mines about 2% of the world's Bitcoin supply daily.
Facility Details: The facility operates with 35,000 liquid-cooled servers and is described as "living proof" of cryptocurrency's tangible nature, countering the perception of it being intangible.
Company Overview: American Bitcoin, a subsidiary of Hut 8 Corp., not only mines Bitcoin but also holds a strategic reserve of 4,004 BTC, valued at approximately $352 million.
Market Insights: Trump has expressed a bullish outlook on Bitcoin, encouraging investments during market dips and predicting a future price of $1 million for Bitcoin, while the company's stock has shown unfavorable trends recently.
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