On March 31, 2025, Hut 8, a Bitcoin mining company, announced the launch of a new enterprise called American Bitcoin Corp. in partnership with Eric Trump and Donald Trump Jr. This collaboration resulted from a strategic merger
#Hut8 with American Data Centers, a company founded by a group of investors, including the Trump brothers. As part of the deal, Hut 8 transferred most of its ASIC miners in exchange for an 80% stake in American Bitcoin, which will now focus on industrial Bitcoin mining and building a strategic reserve
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