Hut 8 Partners with Trump Family for Bitcoin Mining Venture
- Hut 8 has partnered with the Trump family to launch American Bitcoin Corp., a new Bitcoin mining venture.
- The partnership involves Eric Trump and Donald Trump Jr. as key investors.
- American Data Centers, Inc. has been renamed to American Bitcoin Corp. following the collaboration.
- Hut 8 will be the exclusive infrastructure and operations partner for American Bitcoin under long-term agreements.
- The venture aims to become the largest pure-play Bitcoin miner and establish a strategic Bitcoin reserve.
- Hut 8’s stock price increased by 5.45% in pre-market trading, reaching $12.36.
Hut 8 has announced a partnership with Eric Trump and Donald Trump Jr. to form American Bitcoin Corp., aiming to lead in industrial-scale Bitcoin mining while establishing a significant strategic reserve. This collaboration includes renaming American Data Centers, Inc., and securing long-term operational agreements, resulting in Hut 8’s stock price rising by 5.45% to $12.36 in early trading.
Source (2.6)https://coingape.com/bitcoin-miner-hut-8-enters-deal-with-donald-trump-son-key-details/?rand=24432
