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MainNewsHut 8 Pivots...

Hut 8 Pivots to AI, Spins Off Mining to Trump-Linked ‘American Bitcoin’


by Peter Mwangi
for CoinEdition
New Miner 'American Bitcoin': Hut 8 Rigs, Trump Sons Backing
  • 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.

Read the article at CoinEdition

Read More

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin (BTC) is once again at the center of market attention, as it fights to solidi...
Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona’s push to integrate Bitcoin into its treasury advanced on Monday, as the stat...
MainNewsHut 8 Pivots...

Hut 8 Pivots to AI, Spins Off Mining to Trump-Linked ‘American Bitcoin’


by Peter Mwangi
for CoinEdition
New Miner 'American Bitcoin': Hut 8 Rigs, Trump Sons Backing
  • 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.

Read the article at CoinEdition

Read More

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin (BTC) is once again at the center of market attention, as it fights to solidi...
Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona’s push to integrate Bitcoin into its treasury advanced on Monday, as the stat...