By The White House - Official White House Facebook page,
US President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, have established a new enterprise aimed at constructing large-scale data centers to meet the increasing demand for high-performance computing infrastructure, as reported by Forbes.
This initiative follows Donald Trump’s recent announcement of a $40 billion investment to bolster US-based data centers in collaboration with his business associate Hussain Sajwani. Additionally, Trump has indicated a relaxation of regulations concerning Artificial Intelligence.
Investment by Donald Trump Jr. and Eric Trump
As per the Forbes report, last week, Dominari Holdings, Inc., a publicly traded company focused on finance and investments, disclosed that Trump Jr. and Eric Trump have invested in the firm and joined its advisory board. The company emphasized their “strategic insight” regarding AI and data centers, although specific details were not disclosed.
On Tuesday, Dominari Holdings introduced American Data Centers Inc., a new entity dedicated to AI infrastructure, cloud computing, and cryptocurrency mining. Both Trump Jr. and Eric Trump have also invested in this new venture. The investment by the Trump brothers in these enterprises is anticipated to yield potential financial advantages in an industry that is expected to experience substantial growth with government backing.
The Trump family is broadening its business ventures beyond real estate, hospitality, and branding initiatives to include the technology sector. They have made a strategic decision to invest in American Data Centers, a firm specializing in artificial intelligence, cloud computing, and cryptocurrency.
This transition for the Trump family began in December 2020 with the establishment of Trump Media & Technology Group. In February 2022, the company launched Truth Social, a social media platform. Subsequently, it expanded into streaming services with TMTG+ and announced intentions to develop financial products, including exchange-traded funds and cryptocurrency investments under its fintech division, Truth.Fi.
The Trump family has shown a strong interest in cryptocurrency investments. Notably, in September 2024, Donald Trump unveiled a new cryptocurrency initiative, WorldLibertyFinancial, a decentralized finance enterprise offering unique digital tokens. Just days prior to his return to the White House, both Trump and his wife Melania introduced their own meme coins.
