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Hut 8 Doubles Its Bitcoin-Backed Loan with Coinbase at a Fixed 9% Rate
On June 24, 2025, Bitcoin mining firm Hut 8, listed on Nasdaq and TSX, announced it has doubled its Bitcoin-backed loan with Coinbase Credit from $65 million to $130 million. Notably, the new agreement includes a fixed interest rate of just 9%, significantly lower than the previous floating rate of 10.5%–11.5%. The loan term has also been extended to July 2026.
This new structure allows Hut 8 to access more capital at a lower cost without selling any Bitcoin—an important strategic move, as many mining companies prefer to hold BTC and wait for future price appreciation.
The loan is fully collateralized by Hut 8’s Bitcoin holdings, with a “no rehypothecation” clause, meaning Coinbase cannot reuse the BTC for other purposes. Additionally, it includes an improved limited recourse structure, which limits Hut 8’s legal and financial exposure.
Following the announcement, Hut 8 (HUT) shares rose 2.3% in pre-market trading on June 25, indicating a positive market response. Commentary on X echoed this sentiment, with investors viewing it as a strong financial move showing growing institutional confidence in the mining sector.
By doubling its credit facility while retaining full Bitcoin ownership, Hut 8 strengthens its position in the crypto mining space. This move may also encourage other mining firms to pursue similar credit strategies, potentially increasing institutional capital flow into the crypto debt market.
#Hut8 #CoinbaseCredit #BitcoinLoan
On June 24, 2025, Bitcoin mining firm Hut 8, listed on Nasdaq and TSX, announced it has doubled its Bitcoin-backed loan with Coinbase Credit from $65 million to $130 million. Notably, the new agreement includes a fixed interest rate of just 9%, significantly lower than the previous floating rate of 10.5%–11.5%. The loan term has also been extended to July 2026.
This new structure allows Hut 8 to access more capital at a lower cost without selling any Bitcoin—an important strategic move, as many mining companies prefer to hold BTC and wait for future price appreciation.
The loan is fully collateralized by Hut 8’s Bitcoin holdings, with a “no rehypothecation” clause, meaning Coinbase cannot reuse the BTC for other purposes. Additionally, it includes an improved limited recourse structure, which limits Hut 8’s legal and financial exposure.
Following the announcement, Hut 8 (HUT) shares rose 2.3% in pre-market trading on June 25, indicating a positive market response. Commentary on X echoed this sentiment, with investors viewing it as a strong financial move showing growing institutional confidence in the mining sector.
By doubling its credit facility while retaining full Bitcoin ownership, Hut 8 strengthens its position in the crypto mining space. This move may also encourage other mining firms to pursue similar credit strategies, potentially increasing institutional capital flow into the crypto debt market.
#Hut8 #CoinbaseCredit #BitcoinLoan
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Recent events and catalysts
Company development
In June 2025, #Hut8 connected its data center Vega with a capacity of 205 MW in Texas to the power grid, which is considered the largest bitcoin mining center in the world, occupying only one building, and accounting for nearly 2% of the total hashing power of the network #биткоинов . According to equipment hosting contracts, Vega is expected to generate $110–120 million annually, and the company has the option to acquire the hosted mining equipment. $BTC
The company also announced a bitcoin-backed credit line from Coinbase Credit, securing a loan of $130 million, which will allow Hut 8 to raise an additional $65 million in non-dilutive capital.
Company development
In June 2025, #Hut8 connected its data center Vega with a capacity of 205 MW in Texas to the power grid, which is considered the largest bitcoin mining center in the world, occupying only one building, and accounting for nearly 2% of the total hashing power of the network #биткоинов . According to equipment hosting contracts, Vega is expected to generate $110–120 million annually, and the company has the option to acquire the hosted mining equipment. $BTC
The company also announced a bitcoin-backed credit line from Coinbase Credit, securing a loan of $130 million, which will allow Hut 8 to raise an additional $65 million in non-dilutive capital.
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Bitcoin miner Hut 8 announced a partnership with Eric Trump
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
🔥🚀 BITCOIN’S ON FIRE, MINERS ARE ON ICE! 🚀🔥
12:19 PM, May 1, 2025
Bitcoin: $95,432 (+2.8% in 24 h) 📈
Riot Platforms (RIOT): $11.02 (–0.2%) 🥶
Iren (IREN): $0.63 (flat) 😶
Hut 8 (HUT): $8.95 (–0.1%) 🥶
TeraWulf (WULF): $2.12 (+0.0%) 🥶
⚡ Macro vs. Miners: While BTC rockets past $95K on ETF inflows and macro relief, major miners can’t catch the wave—stuck in neutral.
👀 Watch for:
Hashrate swings & energy costs 📊
Next Bitcoin difficulty adjustment ⚙️
Miner balance sheets vs. BTC price 🔍
💬 Comment: Are you HODLing BTC or betting on miner comebacks?
🔁 Repost if you’re riding Bitcoin’s bull or mining the dips!
#bitcoin #CryptoMining #RIOT #Hut8 #BinanceSquare
$BTC $ETH $XRP
12:19 PM, May 1, 2025
Bitcoin: $95,432 (+2.8% in 24 h) 📈
Riot Platforms (RIOT): $11.02 (–0.2%) 🥶
Iren (IREN): $0.63 (flat) 😶
Hut 8 (HUT): $8.95 (–0.1%) 🥶
TeraWulf (WULF): $2.12 (+0.0%) 🥶
⚡ Macro vs. Miners: While BTC rockets past $95K on ETF inflows and macro relief, major miners can’t catch the wave—stuck in neutral.
👀 Watch for:
Hashrate swings & energy costs 📊
Next Bitcoin difficulty adjustment ⚙️
Miner balance sheets vs. BTC price 🔍
💬 Comment: Are you HODLing BTC or betting on miner comebacks?
🔁 Repost if you’re riding Bitcoin’s bull or mining the dips!
#bitcoin #CryptoMining #RIOT #Hut8 #BinanceSquare
$BTC $ETH $XRP
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📈 Mining stocks staged a mini bull run
On Friday, shares of companies involved in Bitcoin mining surged sharply: 
◾️Applied Digital (APLD): +22.18%, closed at $6.83.
◾️Bitdeer Technologies (BTDR): +10.63%, to $15.19.
◾️Hut 8 Corp (#Hut8 ): +10.9%, finished the day at $17.13.
These jumps occurred against the backdrop of Bitcoin's price rising to $103,742 and a decrease in market volatility.
⸻
🧠 Opinion of Mr. Belferman:
When mining stocks soar so rapidly, it is either a precursor to a new bull run or the market has just decided to take a breather.
Applied Digital — +22% in a day? Perhaps they found a new way to mine Bitcoin by moonlight.
But let’s remember: the market loves surprises. Sometimes it gives profits, and other times — lessons.
On Friday, shares of companies involved in Bitcoin mining surged sharply: 
◾️Applied Digital (APLD): +22.18%, closed at $6.83.
◾️Bitdeer Technologies (BTDR): +10.63%, to $15.19.
◾️Hut 8 Corp (#Hut8 ): +10.9%, finished the day at $17.13.
These jumps occurred against the backdrop of Bitcoin's price rising to $103,742 and a decrease in market volatility.
⸻
🧠 Opinion of Mr. Belferman:
When mining stocks soar so rapidly, it is either a precursor to a new bull run or the market has just decided to take a breather.
Applied Digital — +22% in a day? Perhaps they found a new way to mine Bitcoin by moonlight.
But let’s remember: the market loves surprises. Sometimes it gives profits, and other times — lessons.
🚨 Hut 8 ($HUT) bought $100M worth of Bitcoin, adding 990 BTC at an average price of $101,710.
They now hold 10,096 $BTC (~$1B).
The miner plans to use this reserve for options, pledges, or sales and may buy more BTC in the future.
#Hut8 #BitcoinMining
They now hold 10,096 $BTC (~$1B).
The miner plans to use this reserve for options, pledges, or sales and may buy more BTC in the future.
#Hut8 #BitcoinMining
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With the participation of the Trump sons.. Launch of a new American company for Bitcoin mining!
Hut 8 (specializing in blockchain technologies and cryptocurrency mining) announced the launch of American Bitcoin Corp as a majority-owned subsidiary, which will exclusively focus on Bitcoin mining and developing strategic reserves of the digital currency, in a move that reflects the growing American interest in enhancing its leadership in the digital assets sector.
This launch comes after Hut 8 acquired a majority stake in American Data Centers Inc, a company founded by a group of investors, including Eric Trump and Donald Trump Jr.
According to the company, the new entity has been restructured to operate under the name "American Bitcoin Corp," becoming a key player in the mining sector, benefiting from advanced technical capabilities and infrastructure.
As part of the deal, Hut 8 transferred all of its Bitcoin mining equipment to the new entity in exchange for an 80% stake in the project, while Eric Trump will assume the position of Chief Strategy Officer in the company, reflecting the increasing connection between the cryptocurrency sector and political and economic circles in the United States.
#Hut8 #AmericanBitcoin
#mining
Hut 8 (specializing in blockchain technologies and cryptocurrency mining) announced the launch of American Bitcoin Corp as a majority-owned subsidiary, which will exclusively focus on Bitcoin mining and developing strategic reserves of the digital currency, in a move that reflects the growing American interest in enhancing its leadership in the digital assets sector.
This launch comes after Hut 8 acquired a majority stake in American Data Centers Inc, a company founded by a group of investors, including Eric Trump and Donald Trump Jr.
According to the company, the new entity has been restructured to operate under the name "American Bitcoin Corp," becoming a key player in the mining sector, benefiting from advanced technical capabilities and infrastructure.
As part of the deal, Hut 8 transferred all of its Bitcoin mining equipment to the new entity in exchange for an 80% stake in the project, while Eric Trump will assume the position of Chief Strategy Officer in the company, reflecting the increasing connection between the cryptocurrency sector and political and economic circles in the United States.
#Hut8 #AmericanBitcoin
#mining
THOUGHTS ON THE MARKET 🔮📉
📈 Miner #MARA bought 15,574 $BTC worth ~$1.53 billion at an average price of $98,529 per coin. The purchase was secured by the sale of convertible bonds.
📈 Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
‼️Usually smart money sits in companies, they would not take #bitcoin on highs. Also an interesting observation, these stocks always fell before corrections! And now they are just accumulating strength in the sideways trend.
📈 Miner #MARA bought 15,574 $BTC worth ~$1.53 billion at an average price of $98,529 per coin. The purchase was secured by the sale of convertible bonds.
📈 Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
‼️Usually smart money sits in companies, they would not take #bitcoin on highs. Also an interesting observation, these stocks always fell before corrections! And now they are just accumulating strength in the sideways trend.
THOUGHTS ON THE MARKET 📊💹
Within this channel if we go down to $99000, then #alts will also fall sharply! for now, refrain from trading unless you short against the trend!
If we go up after the #FedRateCuts , then it will be easier!
$BTC has not finished growing and the distribution targets are higher! #Altacoins cannot be so low at the peak of #bitcoin !
Many are losing faith in the #AltSeason , they are already tired of waiting for a miracle phenomenon! but it cannot be at the dominance of 58-59%!
Within this channel if we go down to $99000, then #alts will also fall sharply! for now, refrain from trading unless you short against the trend!
If we go up after the #FedRateCuts , then it will be easier!
$BTC has not finished growing and the distribution targets are higher! #Altacoins cannot be so low at the peak of #bitcoin !
Many are losing faith in the #AltSeason , they are already tired of waiting for a miracle phenomenon! but it cannot be at the dominance of 58-59%!
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Overview of Important Overnight Developments on December 20
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
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The Trump Family Enters the Bitcoin Mining Sector – A Conspiracy to Dominate US Crypto?
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”
American Bitcoin Corp. – The Trump Family's “Bitcoin Mining Machine”
Trump Family Backs Major Bitcoin Mining Venture with Hut 8
The Trump family is making a bold move into the cryptocurrency world with a new Bitcoin mining initiative. 🚀💰
🔹 What’s Happening?
Eric Trump and Donald Trump Jr. are partnering with Hut 8 through their company American Data Centers, forming a new mining venture called American Bitcoin. This project aims to become one of the largest Bitcoin mining operations in the world!
🔹 Why It Matters
✅ Trump’s Crypto Push – Former President Donald Trump has been vocal about making the U.S. a crypto leader. This move aligns with his vision of turning the U.S. into a global crypto powerhouse.
✅ Strategic Advantage – With Hut 8’s expertise, the venture will use low-cost energy sources to maintain efficiency and profitability in Bitcoin mining.
✅ Upcoming Public Listing – American Bitcoin plans to go public soon, which could create new investment opportunities for crypto enthusiasts.
🔹 The Bigger Picture
This is just the latest in a series of Trump-backed crypto projects, including World Liberty Financial and plans for a stablecoin (World Liberty Dollar). As Bitcoin’s halving event approaches and institutional adoption rises, could this be the beginning of a Trump-powered Bitcoin boom?
💬 What do you think? Will this venture help Bitcoin adoption grow, or is it just another business play? Let’s discuss! 👇🏽🔥 #Bitcionc #CryptoNew #TrumpCrypto #Hut8 #Mining
The Trump family is making a bold move into the cryptocurrency world with a new Bitcoin mining initiative. 🚀💰
🔹 What’s Happening?
Eric Trump and Donald Trump Jr. are partnering with Hut 8 through their company American Data Centers, forming a new mining venture called American Bitcoin. This project aims to become one of the largest Bitcoin mining operations in the world!
🔹 Why It Matters
✅ Trump’s Crypto Push – Former President Donald Trump has been vocal about making the U.S. a crypto leader. This move aligns with his vision of turning the U.S. into a global crypto powerhouse.
✅ Strategic Advantage – With Hut 8’s expertise, the venture will use low-cost energy sources to maintain efficiency and profitability in Bitcoin mining.
✅ Upcoming Public Listing – American Bitcoin plans to go public soon, which could create new investment opportunities for crypto enthusiasts.
🔹 The Bigger Picture
This is just the latest in a series of Trump-backed crypto projects, including World Liberty Financial and plans for a stablecoin (World Liberty Dollar). As Bitcoin’s halving event approaches and institutional adoption rises, could this be the beginning of a Trump-powered Bitcoin boom?
💬 What do you think? Will this venture help Bitcoin adoption grow, or is it just another business play? Let’s discuss! 👇🏽🔥 #Bitcionc #CryptoNew #TrumpCrypto #Hut8 #Mining
Hut 8 Moves to Dubai – Backed by Trump, Focused on Bitcoin
📍 In this article:
🔹 Hut 8 opens a Dubai office focused on accumulating and trading Bitcoin
🔹 Ties to the Trump family deepen through the American Bitcoin venture
🔹 Bitcoin takes the lead while altcoins vanish from the market
🔹 Dubai becomes a crypto hub with zero taxes and welcoming regulation
Bitcoin mining company Hut 8, long linked to Donald Trump's family, is making another major move: it’s establishing a new office in Dubai to focus solely on Bitcoin accumulation and trading, apart from its U.S. mining operations.
With ongoing operations in Texas, New York, and Alberta, the company recently registered its expansion through the Dubai International Financial Centre. CEO Asher Genoot says this move will boost capital efficiency and take full advantage of Dubai’s tax-free corporate environment.
At the same time, Hut 8 is part of the newly formed American Bitcoin, a crypto venture co-owned by Donald Trump Jr. and Eric Trump, which will absorb much of Hut 8’s mining hardware and aims to go public by late 2025.
🔹 Two strategic paths – Dubai will serve as a trading hub, while American Bitcoin focuses on U.S. market positioning. The company confirms these are separate projects, even though the Trump name is now tied to both sides of Hut 8’s global strategy.
Altcoins Collapse – Bitcoin Surges Ahead
The year 2025 is reshaping the crypto landscape: Bitcoin dominance has climbed to 64%, while altcoins are bleeding out. More than $300 billion in altcoin market cap has evaporated this year alone.
📉 The MarketVector Index, tracking the lower half of the top 100 coins, has crashed nearly 50%. Former "next big thing" projects now sit idle as "ghost chains." Even Ethereum remains far below its all-time high.
Bitcoin at the Center of Institutional Inflows
While altcoins lose relevance, Bitcoin is attracting major players:
🔹 Twenty One Capital, backed by Tether, SoftBank, and Cantor Fitzgerald, invested $4 billion in BTC
🔹 Trump Media has accumulated $2.3 billion in Bitcoin holdings
🔹 Amazon is reportedly exploring the idea of launching its own stablecoin
Michael Saylor’s Bitcoin accumulation model has become the new corporate playbook.
Conclusion: Dubai + Bitcoin = The 2025 Power Combo
Hut 8, the Trump family, and institutional whales are heading for Dubai. As altcoins vanish under tighter regulation, Bitcoin is emerging as the only digital asset that matters. Dubai, with its lax laws and zero tax, is turning into a global stronghold.
#Hut8 , #CryptoMining , #BTC , #TRUMP , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🔹 Hut 8 opens a Dubai office focused on accumulating and trading Bitcoin
🔹 Ties to the Trump family deepen through the American Bitcoin venture
🔹 Bitcoin takes the lead while altcoins vanish from the market
🔹 Dubai becomes a crypto hub with zero taxes and welcoming regulation
Bitcoin mining company Hut 8, long linked to Donald Trump's family, is making another major move: it’s establishing a new office in Dubai to focus solely on Bitcoin accumulation and trading, apart from its U.S. mining operations.
With ongoing operations in Texas, New York, and Alberta, the company recently registered its expansion through the Dubai International Financial Centre. CEO Asher Genoot says this move will boost capital efficiency and take full advantage of Dubai’s tax-free corporate environment.
At the same time, Hut 8 is part of the newly formed American Bitcoin, a crypto venture co-owned by Donald Trump Jr. and Eric Trump, which will absorb much of Hut 8’s mining hardware and aims to go public by late 2025.
🔹 Two strategic paths – Dubai will serve as a trading hub, while American Bitcoin focuses on U.S. market positioning. The company confirms these are separate projects, even though the Trump name is now tied to both sides of Hut 8’s global strategy.
Altcoins Collapse – Bitcoin Surges Ahead
The year 2025 is reshaping the crypto landscape: Bitcoin dominance has climbed to 64%, while altcoins are bleeding out. More than $300 billion in altcoin market cap has evaporated this year alone.
📉 The MarketVector Index, tracking the lower half of the top 100 coins, has crashed nearly 50%. Former "next big thing" projects now sit idle as "ghost chains." Even Ethereum remains far below its all-time high.
Bitcoin at the Center of Institutional Inflows
While altcoins lose relevance, Bitcoin is attracting major players:
🔹 Twenty One Capital, backed by Tether, SoftBank, and Cantor Fitzgerald, invested $4 billion in BTC
🔹 Trump Media has accumulated $2.3 billion in Bitcoin holdings
🔹 Amazon is reportedly exploring the idea of launching its own stablecoin
Michael Saylor’s Bitcoin accumulation model has become the new corporate playbook.
Conclusion: Dubai + Bitcoin = The 2025 Power Combo
Hut 8, the Trump family, and institutional whales are heading for Dubai. As altcoins vanish under tighter regulation, Bitcoin is emerging as the only digital asset that matters. Dubai, with its lax laws and zero tax, is turning into a global stronghold.
#Hut8 , #CryptoMining , #BTC , #TRUMP , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Hut 8 Doubles Down on Bitcoin
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
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
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Let's take a look at how Trump has navigated the crypto world in his first three months in office
First, he issued his own coin #TRUMP
Then his wife issued a coin #Melania
Next, he developed a Defi protocol #WLFI
Then he issued a stablecoin #USD1
His son also invested in a mining company #Hut8
Wow, is this the rhythm of creating the 'Trump Federal Reserve'?
First, he issued his own coin #TRUMP
Then his wife issued a coin #Melania
Next, he developed a Defi protocol #WLFI
Then he issued a stablecoin #USD1
His son also invested in a mining company #Hut8
Wow, is this the rhythm of creating the 'Trump Federal Reserve'?
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#AmericanBitcoinLaunch according to the message #ForesightNews , American Bitcoin #AmericanBitcoin has officially launched. The company plans to hold a presentation on April 1 at 20:30 UTC+8, where co-founder Eric Trump and management #Hut8 will discuss the company's vision and strategies.
🔹 American Bitcoin has been officially established
🔹 It will take place on April 1 at 20:30 UTC+8.
🔹 Co-founder Eric Trump and management #Hut8 will participate.
🔹 The company's vision and strategies will be discussed.
🔹 Hut 8 collaborates with Eric Trump to establish this mining company.
🔹 American Bitcoin has been officially established
🔹 It will take place on April 1 at 20:30 UTC+8.
🔹 Co-founder Eric Trump and management #Hut8 will participate.
🔹 The company's vision and strategies will be discussed.
🔹 Hut 8 collaborates with Eric Trump to establish this mining company.
Hut 8 and Eric Trump to launch American Bitcoin
#Hut8 and #EricTrump to launch #AmericanBitcoin , a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale #Bitcoin mining and strategic Bitcoin reserve development. All Bitcoin mining operations previously reported under Hut 8’s Compute segment will continue within the same segment but will now operate under the American Bitcoin brand.
Through long-term commercial agreements, Hut 8 will act as American Bitcoin’s exclusive infrastructure and operations partner, ensuring stable, contracted revenue streams in its Power and Digital Infrastructure segments. American Bitcoin will control 61,000 mining machines.
👉 hut8.com/2025/03/31/hut-8-and-eric-trump-launch-american-bitcoin-to-set-a-new-standard-in-bitcoin-mining/
#Hut8 and #EricTrump to launch #AmericanBitcoin , a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale #Bitcoin mining and strategic Bitcoin reserve development. All Bitcoin mining operations previously reported under Hut 8’s Compute segment will continue within the same segment but will now operate under the American Bitcoin brand.
Through long-term commercial agreements, Hut 8 will act as American Bitcoin’s exclusive infrastructure and operations partner, ensuring stable, contracted revenue streams in its Power and Digital Infrastructure segments. American Bitcoin will control 61,000 mining machines.
👉 hut8.com/2025/03/31/hut-8-and-eric-trump-launch-american-bitcoin-to-set-a-new-standard-in-bitcoin-mining/
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Riot Platforms Turns to AI to Diversify Revenue
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.
🔍 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.
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Hut 8 raises $220 million, Trump ties expand to Dubai
Bitcoin mining company Hut 8, linked to the Trump family, has expanded operations to Dubai and raised $220 million to purchase additional Bitcoin and mining infrastructure.
Expansion to Dubai and connectivity with the UAE
Hut 8 registered an office at the Dubai International Financial Centre #Dubai (DIFC) last week. This new office will have a team focused on trading and digital asset strategies.
Expansion to Dubai and connectivity with the UAE
Hut 8 registered an office at the Dubai International Financial Centre #Dubai (DIFC) last week. This new office will have a team focused on trading and digital asset strategies.
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