• New miner ‘American Bitcoin’ formed with Hut 8 assets, Trump sons’ group backing
• American Bitcoin plans public listing, gets Hut 8 rigs; Hut 8 pivots to AI data centers
• Venture partners China’s Bitmain for tech despite US regulatory scrutiny of Bitmain

A new Bitcoin mining venture, backed by publicly traded Hut 8 Corp. and an investor group that includes Donald Trump’s sons, announced plans to go public. The company, named American Bitcoin, aims to become a major player in the U.S. crypto mining industry while also seeking additional private capital before its eventual public listing.

Hut 8 contributed most of its Bitcoin mining equipment to American Bitcoin, marking a significant structural shift in its own business model.

While the newly launched entity will operate as a dedicated Bitcoin mining firm based in the US, Hut 8 will now …

The post Hut 8 Pivots to AI, Spins Off Mining to Trump-Linked ‘American Bitcoin’ appeared first on Coin Edition.

• New miner ‘American Bitcoin’ formed with Hut 8 assets, Trump sons’ group backing
• American Bitcoin plans public listing, gets Hut 8 rigs; Hut 8 pivots to AI data centers
• Venture partners China’s Bitmain for tech despite US regulatory scrutiny of Bitmain

A new Bitcoin mining venture, backed by publicly traded Hut 8 Corp. and an investor group that includes Donald Trump’s sons, announced plans to go public. The company, named American Bitcoin, aims to become a major player in the U.S. crypto mining industry while also seeking additional private capital before its eventual public listing.

Hut 8 contributed most of its Bitcoin mining equipment to American Bitcoin, marking a significant structural shift in its own business model.

While the newly launched entity will operate as a dedicated Bitcoin mining firm based in the US, Hut 8 will now …

The post Hut 8 Pivots to AI, Spins Off Mining to Trump-Linked ‘American Bitcoin’ appeared first on Coin Edition.