From GlobeNewswire: 2025-03-31 05:15:00

Hut 8 Corp. launches American Bitcoin, a subsidiary focused on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company aims to become the world’s largest and most efficient pure-play Bitcoin miner. American Bitcoin’s leadership team includes Mike Ho, Matt Prusak, and Eric Trump. The transaction structure involves Hut 8 contributing ASIC miners to American Data Centers Inc. in exchange for an 80% stake in the company. Hut 8 will serve as American Bitcoin’s exclusive infrastructure and operations partner through commercial agreements. The company will host a conference call on April 1, 2025, to discuss the transaction.



Read more at GlobeNewswire: Hut 8 and Eric Trump Launch American Bitcoin to Set a New