Monday Mining Metrics: Trump Backs Bitcoin Mining Operation
Bitcoin Mining Update - 3/31/2025
Donald Trump Jr. and Eric Trump Back ‘American Bitcoin’ in Collaboration with Hut8
This morning Hut8 announced that they have entered into a partnership with the sons of US President Donald Trump in an effort to bring more Bitcoin mining to the United States. Effectively, Hut8 has created a new subsidiary called ‘American Bitcoin’, through which all of their self-mining revenue will be reported.
This entity will remain majority-owned by Hut8 with minority stakes owned by the Trump sons and other investors. Moreover, the other arms of Hut8’s business including datacenter operations and high performance computing will remain under the Hut8 entity – American Bitcoin will focus solely on Bitcoin mining.
To quote the press release: "American Bitcoin aims to become the world’s largest, most efficient pure-play Bitcoin miner while building a robust strategic Bitcoin reserve."
The significance of this announcement should not be overlooked. The sons of the sitting US President are backing a pure-play Bitcoin mining operation.
Read Hut8’s full press release here.
New Blockware Research: 1 Bitcoin Today or 2 Bitcoin Tomorrow
Blockware’s latest research report seeks to answer the number 1 question on every Bitcoin investor’s mind: Should I buy Bitcoin or mine Bitcoin?
In this report, titled ‘1 Bitcoin Today or 2 Bitcoin Tomorrow’, we analyze the performance of these strategies across a variety of market conditions. The chart below provides a sneak-peak of our analysis, juxtaposing the 3-year returns of mining vs buying directly based on the current market conditions.
If the current conditions hold, a miner using an Antminer S21 would outperform directly buying Bitcoin by over 50% (when factoring in a 50% salvage value for the mining hardware).
Click Here to Read the Report for Free.
Antminer S21 Analysis (Backwards Looking)
While our report provides a forward looking analysis of mining, lets take a look back at how miners have performed over the past year. The chart below shows the daily revenue and daily electricity cost of an Antminer S21, beginning the day of the 2024 halving (April 19th).
Over the past year a single S21 miner has accumulated ~$1,600 in mining profits. At the time, S21’s were selling for ~$6,200 – meaning the net return on capital so far is ~25%.
For those with a long-term view of the market, mining allows you to accumulate more Bitcoin than purchasing directly.
Blockware's Mining-as-a-Service enables you to start mining Bitcoin, without lifting a finger. Blockware handles everything, from securing the miners, to sourcing low-cost power, to configuring the mining pool - they do it all.
With multiple data centers across the US, Blockware is the most reliable mining partner in the industry.
Click here to check out our Marketplace where you can see real-time analytics on our miners, and make an immediate purchase using BTC or fiat.
If you’d like a more hands-on mining experience, fill out this form on our website. One of our Account Executives will be in touch and they can walk you through our entire product and service offerings! The table below provides a full pricing list for all the ASICs available through Blockware at this time. For those seeking to purchase ASICs in bulk (with or without hosting), contact sales@blockwaresolutions.com or reach out here.
All content is for informational purposes only. This Blockware Intelligence Newsletter is of general nature and does not consider or address any individual circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal, business, financial or regulatory advice. You should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.