Hut 8’s CEO said the new Dubai office will sharpen the company’s capital strategy by boosting precision and efficiency.
Hut 8, the North American Bitcoin mining firm tied to the Trump family, is opening an office in Dubai, signaling a strategic shift toward global expansion and capital efficiency.
The move comes as the Gulf city continues to lure digital asset firms with its relaxed tax policies and business-friendly environment.
The Miami-based company registered the new office last week with the Dubai International Financial Centre, one of the region’s key financial zones.
Bloomberg confirmed that the firm is actively building a team in the emirate, focused on digital asset trading and treasury management.
Dubai Office Part of Broader Global Pivot
CEO Asher Genoot said the new base would help “enhance the precision and efficiency of Hut 8’s capital strategy.”
The decision to expand into Dubai reflects a broader recalibration within the crypto industry, as firms seek regulatory certainty and access to global liquidity.Hut 8 didn’t return Cryptonews’ request for comment by press time.
Dubai has emerged as a magnet for digital asset players by offering zero corporate taxes in its free zones and a light-touch regulatory regime. Its status as a financial and logistics hub has also made it an attractive destination for miners and crypto-native firms looking to operate across jurisdictions
Hut 8 Eyes Liquidity Abroad Amid Shifting Crypto Regulation
Hut 8, a major player in North America's Bitcoin mining sector, currently operates facilities in Texas, New York, and Alberta, Canada. By the end of 2024, the company employed approximately 220 people. While it continues to maintain a strong presence in North America, its recent expansion into the Middle East signals a strategic move to tap into global capital markets and refine its treasury management amid Bitcoin’s ongoing bull market.
The company has also been in the spotlight due to its association with American Bitcoin Corp.—a new venture partially backed by Donald Trump Jr. and Eric Trump. This new entity, expected to go public later this year, will absorb the bulk of Hut 8’s mining assets. Hut 8 will retain an 80% ownership stake and oversee leadership, while the remaining 20% will be controlled by the Trump-linked American Data Centers.
However, sources indicate that the new Dubai office is not linked to this joint venture. Instead, it represents a separate initiative by Hut 8 to deepen its footprint in Dubai—a rapidly emerging global crypto hub.
With regulatory scrutiny increasing in the U.S. and parts of Europe, Dubai’s crypto-friendly environment is becoming an attractive alternative for companies seeking growth and stability.
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