The Trump family-affiliated Bitcoin mining company American Bitcoin is planning to go public or raise private funding.

Blockbeats

04-02

BlockBeats News, April 2nd, American Bitcoin, a bitcoin mining enterprise jointly created by Hut 8 and the Trump family-led data infrastructure company American Data Centers, is planning to go public and may introduce private placements before that. Hut 8 CEO Asher Genoot stated in a Bloomberg TV interview that the future goal is to build a vertically integrated enterprise structure consisting of "two sister public companies," with one part focusing on energy, data centers, and infrastructure, and the other part focusing on crypto business and bitcoin mining.

Prior to this, on March 31st, Hut 8 announced the acquisition of an 80% stake in American Data Centers, which was subsequently renamed American Bitcoin and operated independently, focusing on bitcoin mining and strategic reserve construction. American Bitcoin is led by President Trump's eldest son Donald Trump Jr. and second son Eric Trump.

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