Major Update: Hut 8 Partners with Trump Family to Launch American Bitcoin! 🚨
What Happened?
Hut 8, a leading $BTC mining company, has partnered with Eric Trump and Donald Trump Jr. to establish American Bitcoin Corp. This new venture aims to become the world’s largest and most efficient Bitcoin mining operation while building a substantial Bitcoin reserve.
Key Details:
Ownership Structure:
Hut 8 holds an 80% stake in American Bitcoin, with the remaining 20% owned by American Data Centers, a company founded by the Trump brothers.
Leadership:
Eric Trump serves as Chief Strategy Officer, and Matt Prusak is the CEO of American Bitcoin.
Operational Focus:
The company plans to mine Bitcoin at a rate nearly half of its current trading price, aiming for rapid scaling and efficiency.
Market Reaction:
Following the announcement, Hut 8’s shares experienced a 6.4% rise in premarket trading, highlighting investor optimism about the venture’s potential.
Looking Ahead:
American Bitcoin plans to go public, enhancing capital access and expanding its mining operations. Hut 8 will continue as the exclusive infrastructure and operations partner, ensuring operational excellence.
Stay Informed:
This partnership signifies a significant shift in the crypto mining landscape, combining industry expertise with strategic leadership.
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