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.
