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Like father, like sons.

Scam Fam

Donald Trump’s eponymous meme coin is all but worthless now — but that’s not stopping his kids from launching their next crypto scheme. As Bloomberg and other outlets report, the president’s sons, Eric and Donald Jr., are taking their Bitcoin mining venture public on the traditional stock markets.

Known as American Bitcoin Inc., the Trump boys’ mining and strategic reserve company is slated to be acquired by Gryphon, another crypto mining firm. When news of the deal broke, shares for Gryphon spiked a whopping 460 percent to $2.93 per share — though it’s since dropped down below $2.00.

Previously known as American Data Centers Inc., the venture was launched in February by the elder Trump sons and a group of investors. With the merger, existing investors will own about 98 percent of the company, which will trade under the ticker ABTC.

As CNBC notes, Eric Trump, the company’s cofounder and chief strategy officer, has distanced himself from his father’s administration to focus on crypto full-time without the appearance of conflict of interest.

“We won the space race,” the middle Trump son told CNBC back in early April. “We better win the crypto race.”

Little Wins

Notably, this merger comes at the same time as the president’s own flailing crypto venture, his eponymous $TRUMP coin, hosted a bizarre contest: a dinner with the POTUS for those who own the most of the meme coin.

Though new buyers spent nearly $150 million to get the chance to dine with Trump at one of his golf clubs, savvier investors figured out a smarter scheme.

According to the New York Times, at least 17 of the 220 winning bidders of the contest no longer had any of the coin by the end of the three-week contest period. They apparently exploited a loophole that stipulated only that top bidders must have $TRUMP coin in their wallets before the contest window ended, rather than having it at the time it closed — essentially suggesting that those holders sold off their coins to eager investors while raking in the wins for themselves.

Despite the likely corrupt drama surrounding that scheme, $TRUMP is still only worth about $12.75 per token — more than its all-time low of around $7.50 last month, which fell in the wake of the president’s tariffs announcement, but that’s not saying much.

More on crypto scams: Hawk Tuah Girl Says She’s Horrified by What Happened With Her Crypto Launch

United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations.

In an April 1 announcement, Cruz unveiled the Facilitating Lower Atmospheric Released Emissions Act, which he believes will make Texas the “number one place for Bitcoin mining.”

The FLARE Act proposes a change to the U.S. tax code that would allow companies to permanently deduct the full cost of systems designed to capture and repurpose natural gas that would otherwise be flared or vented. 

These systems, called flaring and venting mitigation systems, would qualify for 100% expensing starting in 2026.

To qualify, the equipment must intake natural gas and convert it into something useful, like electricity, liquid fuels, or even computational power for digital asset mining. 

The bill lists several eligible uses, including compressing or liquefying gas for transport, producing petrochemicals or fertilizer, and powering oilfield equipment or the electrical grid.

Besides the incentives, the bill blocks foreign entities of concern, including those tied to China, Russia, Iran, or North Korea, from benefiting from the incentives. This clause is meant to keep the tax break exclusive to U.S.-aligned operators and strengthen domestic energy independence.

By turning stranded gas into usable energy, Cruz and supporters argue the bill would not only cut emissions but also boost energy innovation and grid resilience, especially during periods of peak demand or extreme weather.

“This bill takes advantage of Texas’s vast energy potential, reinforces our position as the home of the Bitcoin industry, and is good for the environment. I call upon my colleagues to expeditiously take up and advance this legislation,” Cruz said.

The bill has already picked up support from industry players who see it as a win-win for both energy and innovation.

Bitcoin mining firm MARA Holdings endorsed the legislation in an X post, adding that it could reduce emissions and “unlock stranded energy” across Texas and beyond. See below.

Last year, MARA partnered with NGON to launch a 25-megawatt micro data center operation across wellheads in Texas and North Dakota. The data center will use excess natural gas to generate electricity to power data centers, offering energy producers a high-efficiency solution for methane mitigation.

Under the legislation, infrastructure like this would qualify as a flaring and venting mitigation system, making it eligible for permanent full expensing. That means MARA and similar operators could deduct the entire cost of installing such systems from their taxable income, starting in 2026.

Long before he introduced the FLARE Act, Cruz floated the idea at the 2021 Texas Blockchain Summit that Bitcoin mining could turn excess energy from oil and gas operations into something useful instead of just burning it off.

“Use that power to mine Bitcoin. Part of the beauty of that is the instant you’re doing it you’re helping the environment enormously because rather than flaring the natural gas you’re putting it to productive use,” he said at the time.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Without buying costly mining equipment, cloud mining is a well-liked method to generate cryptocurrency. Several platforms in 2025 stand out for their reliability, contract options, and returns. Here is a thorough analysis of the best cloud mining services, their features, return on investment (ROI), supported cryptocurrencies, and ratings based on efficiency, security, and profitability.

1. JSHash (8.5/10) – A trustworthy cloud mining platform

Established in the United States in 2023, JSHash provides cloud mining for Dogecoin, Litecoin, and Bitcoin. It offers daily automatic payments, improved security, and a $66 enrollment incentive. Users can begin with a free plan or select contracts from $100 to $12,000 with daily returns of up to 3.7%. With certain contracts providing a return within a few days, the possible ROI is rather substantial. Commissions under the affiliate program are 4%.

Contracts

Benefits

2. AntPool (8/10)

AntPool, owned by Bitmain, is a well-known mining pool providing cloud mining as well. Low costs, great efficiency, and real-time hashrate tracking help users. Mainly concentrating on Bitcoin mining, it provides reasonable ROI but is more appropriate for seasoned miners.

3. Genesis Mining (7.5/10)

Genesis Mining, a long-time participant in the mining sector, stresses sustainable practices. It supports Bitcoin, Ethereum, and other cryptocurrencies; its ROI, however, relies on market conditions. Although consistent, its contract price and profit information are not always clear, which complicates the assessment of returns for novice users.

4. StormGain (8/10)

StormGain offers leveraged cryptocurrency trading together with cloud mining. Its mobile app allows users to mine Bitcoin immediately, therefore making it an easily available choice for individuals wishing to earn on the go. Though market volatility can influence returns, the platform offers a real-time mining profitability-based ROI projection.

5. Binance Mining Pool (8.5/10)

Offering a safe and transparent mining experience, Binance Pool works perfectly with the Binance exchange. FPPS and PPS+ payment systems provide consumers consistent income and quick payouts. Its main mining activity is Bitcoin, and depending on market conditions, it provides a fair to high return on investment.

6. Kryptex (7.5/10)

Supporting Bitcoin, Ethereum, and other altcoins, Kryptex converts users’ PC power into cryptocurrency profits. Depending on hardware efficiency and market conditions, return on investment fluctuates. Though it has no large-scale cloud mining contracts, it provides reliable rewards and regular monitoring.

7. Hashing24 (8/10)

Hashing24 offers access to professional mining facilities as an official partner of Bitfury. Fixed contracts let users begin mining Bitcoin, therefore guaranteeing their safety. Depending on contract conditions and changes in Bitcoin pricing, the projected ROI is fair.

8. BeMine (8.5/10)

Some operate forever; BeMine permits quick miner and contract buys. AI Boost technology increases mining efficiency. Lasting up to 48 months, contracts provide long-term income potential. With many contract lengths, it provides investor flexibility; its ROI relies on contract choice and power costs.

9. NiceHash (8/10)

NiceHash allows users sell and purchase computing power on a hashrate market instead of a pure cloud mining platform. It enables mining of several cryptocurrencies, including Bitcoin and Kaspa (KAS). Demand for hashrate and mining difficulty affects ROI.

10. ECOS (8.5/10)

Starting at $99, ECOS provides Bitcoin cloud mining contracts, hence guaranteeing accessibility for smaller investors. Mining begins in under 24 hours; the mobile app of the platform streamlines administration. Though consistent returns make it a good option, ROI relies on contract choice.

11. Bitdeer (8/10)

Bitdeer offers cloud mining not needing actual miners. Its Minerplus management system and many contract lengths guarantee consistent mining activity and great uptime. Supported cryptocurrencies include Bitcoin and altcoins. With maximum mining efficiency lowering expenses, ROI is competitive.

Conclusion

Choosing the best cloud mining platform relies on criteria such contract flexibility, profitability, and security.

Among the best options for consistent yields and accessibility are JSHash, Binance Pool, BeMine, and ECOS.

Before making a decision, investors should evaluate their risk tolerance, anticipated ROI, and contract conditions.