Donald Trump's family partners with Hut 8 for new Bitcoin mining venture

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The story "Donald Trump&#039;s family partners with Hut 8 for new Bitcoin mining venture" was covered 1 days ago by Business Standard, a news publisher based in India.

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Donald Trump's family partners with Hut 8 for new Bitcoin mining venture - Business Standard

Quick Summary:

The Bitcoin mining sector in the US has morphed into a multi-billion dollar industry over the last several years as the token saw exponential increases in prices.

Trump used to be a skeptic about digital assets but pivoted to embracing the sector on the campaign trail, in part as the industry ramped up its involvement in the election through sizable political donations.

The total computing power generated from US-based miners was below 50 per cent as of the end of last year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.