In an interview with the Financial Times, Eric Trump played down the financial benefits of his family's cryptocurrency-related business and defended the launch of two memecoins, MELANIA and TRUMP, earlier this year as "just having fun."
According to Galaxy Digital's financial report, the company plans to reduce bitcoin mining production in the coming quarters and transform its data center in Texas into an AI and high-performance computing (HPC) facility. This transformation is based on a 15-year escrow agreement with CoreWeave.