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. According to Bloomberg, Eric Trump, son of U.S. President Donald Trump, and crypto mining firm Hut 8 Mining have jointly launched a new Bitcoin mining company, American Bitcoin, which plans to pursue a public listing and raise additional private capital. The company is also… — Wu Blockchain (@WuBlockchain) April 1, 2025 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 .
