Hut8

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 $BTC

The family of US President Donald Trump continues to expand its influence in the cryptocurrency industry by partnering with Hut 8 Corp. to launch a project focusing on Bitcoin mining. This is seen as a strategic move, reinforcing Trump's increasingly close relationship with the crypto industry. Is this plan merely a business deal or does it harbor greater ambitions?

American Bitcoin Corp. – The Trump Family's “Bitcoin Mining Machine”

Hut 8, a crypto mining giant has announced a bold move, strengthening it's $BTC holdings. The company is launching a $500 million stock offering, with an aim to increase it's Bitcoin reserves, significantly.

Signaling it's bullish stance further, Hut 8 also unveiled a $250 million stocks buyback program. This strategic scheme demonstrates the company's confidence in it's future and it's commitment to maximize shareholders' value.

As the institutional interest in Bitcoin continues to surge, Hut 8 is positioning itself as one of the major player in the crypto mining industry.
#ShahjeeCreates #Hut8 #BitcoinMiningNews #BTC
Source: CoinGape

Hut 8 Mining, which has made a new breakthrough in the field of Bitcoin mining, and Eric #TRUMP , the son of US President Donald Trump, announced that American Bitcoin mining companies are up for sale.
#Hut8 , as a major player in energy and digital systems, aims to revolutionize the field of Bitcoin mining by establishing American Bitcoin. With Eric Trump's contributions, this new venture plans to make the company's mining operations more efficient and more streamlined.
Eric Trump expressed his belief in the future of the venture by saying, "By partnering with Hut 8, we will strengthen our passion for Bitcoin and decentralized finance."
American Bitcoin aims to increase its breadth in the sector by using Hut 8's existing mining infrastructure and create a Bitcoin reserve. Hut 8 plans to create strong sources of income with long-term agreements that will meet the infrastructure and needs of this new company.
A new era begins: High efficiency in Bitcoin mining
American Bitcoin's goal is to make the largest and most efficient Bitcoin in the world. According to this goal, they plan to reach 50+ EH/s hash and mine with low energy consumption. The company also aims to become a public company.
This planning move makes Hut 8’s mining operations more autonomous and allows both companies to focus on a certain way. Hut 8 CEO Asher Genoot stated that this step allows the company to be more plannable and achieve lower operations.
#Saylor500KClub #TrumpTariffs #EricTrump

With Bitcoin mining revenue declining and network difficulty rising, Bitcoin mining company Riot Platforms is looking for opportunities to collaborate in the fields of artificial intelligence (AI) and high-performance computing (HPC) to create a more stable source of revenue.
🔍 Why did Riot change direction?
Bitcoin mining difficulty hits record high, causing financial hardship for miners.
Revenue from mining hardware has plummeted, to around $10.40 per day for a typical #asic machine.

A strategic alliance shaking up the crypto world. Mining powerhouse Hut 8 has partnered with Eric Trump and Donald Trump Jr., the sons of former U.S. President Donald Trump, to launch a bold new mining venture called American Bitcoin Corp.
Their goal? Massive-scale Bitcoin mining and the creation of a strategic BTC reserve, which could play a crucial role in the future of the U.S. digital economy.

A New Player on the Scene: American Bitcoin Corp
At the helm of this new enterprise are some notable names. Mike Ho takes the position of Executive Chairman, Matt Prusak becomes CEO, and Eric Trump steps in as Chief Strategy Officer (CSO). The board of directors also includes Asher Genoot, the current CEO of Hut 8.
According to official information, Hut 8 retains an 80% ownership stake in the newly formed company, which was created through the transformation of American Data Centers Inc.—a company backed by investors including the Trump brothers.

Big Ambitions: Over 50 EH/s Targeted
American Bitcoin Corp aims to reach over 50 exahashes per second (EH/s) in mining efficiency, placing it among the top global mining players. While American Bitcoin will oversee the actual mining operations, Hut 8 remains a key infrastructure and financial partner, ensuring optimal performance and capital management.

The Trumps Bet on Decentralization
In the official announcement, Eric Trump highlighted the synergy between Hut 8’s operational excellence and their own passion for Bitcoin and decentralized finance (DeFi):

“By combining Hut 8’s proven operational precision with our vision for a digital future, we’re building a powerful foundation for significant growth.”

Donald Trump Jr. echoed the sentiment, expressing his long-term belief in Bitcoin, both personally and through his business ventures. He emphasized that the current economic landscape presents an ideal opportunity for mining expansion and public investment.

Two Companies, One Vision
According to Hut 8 CEO Asher Genoot, the separation of mining operations reflects a new platform strategy, where each business segment can align more closely with its capital structure and strategic focus. The result? Two focused yet complementary companies, better positioned to adapt to market demands.

The Trump Family Goes All-In on Crypto
American Bitcoin is just one part of the Trump family's growing crypto footprint. Their affiliated company World Liberty Financial recently launched USD1, a stablecoin backed by U.S. Treasury bonds and cash. The token is designed to enable secure cross-border transactions for institutions and investors alike.
Additionally, reports suggest that the Trump family is in talks to acquire a stake in Binance.US, the American arm of the world’s largest crypto exchange—another potential game-changer for the crypto sector.

A U.S. Crypto-First Agenda?
According to analysts, these initiatives reflect the Trump camp’s ambition to position the U.S. as a global leader in crypto finance. And if Donald Trump returns to the White House, it’s likely that the U.S. would adopt a pro-crypto stance, pushing digital assets into the spotlight.

“While others argue over short-term price action, Trump and his team are building the infrastructure for the next generation of crypto,” noted crypto investor Gordon.

Market Reaction?
At the time of writing, Bitcoin was trading around $82,199, with no immediate price reaction to the American Bitcoin announcement. BTC was down 1.13% in the last 24 hours, though this could change quickly once U.S. markets open.

#Hut8 , #BTC , #TRUMP , #Bitcoinmining , #bitcoin

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