At a virtual confab this month, Yahoo Finance editor Brian Sozzi stared at his guest for a moment, incredulous. Then he asked: “How in the world do you mine bitcoin so cheaply?”

“We mine bitcoin so cheaply because we’ve got cheap energy,” replied Eric Trump, second son of the 47th U.S. president. “And by the way, isn’t it nice to do that in the United States of America, where we have favourable energy policy?”

Except that isn’t quite accurate. The secret to the Trump family’s huge bitcoin-mining operation isn’t in America at all. It is, at least partly, in Canada.

Trump’s co-panellist later chimed in: “Energy is the fuel that powers all future technologies, and we want to be in the centre of technology and power.”

It was Asher Genoot, Trump’s business partner. His company, Hut 8, was f

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