Currencies32929
Market Cap$ 2.52T-5.53%
24h Spot Volume$ 81.05B+37.5%
DominanceBTC59.48%+0.07%ETH6.77%-5.44%
ETH Gas0.54 Gwei
Cryptorank
MainNewsHut 8 Pivots...

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


Apr, 02, 2025
1 min read
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

‘Ignore China At Your Peril’: Ben Zhou Flags Yuan Devaluation’s BTC Impact

‘Ignore China At Your Peril’: Ben Zhou Flags Yuan Devaluation’s BTC Impact

While Bitcoin rebounded toward $80,000 after Monday’s tariff-driven dip near $74,000,...
Apr, 08, 2025
< 1 min read
by CoinEdition
The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge

The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge

BitMEX co-founder Arthur Hayes identified two macro developments he believes could so...
Apr, 08, 2025
< 1 min read
by CoinEdition
MainNewsHut 8 Pivots...

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


Apr, 02, 2025
1 min read
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

‘Ignore China At Your Peril’: Ben Zhou Flags Yuan Devaluation’s BTC Impact

‘Ignore China At Your Peril’: Ben Zhou Flags Yuan Devaluation’s BTC Impact

While Bitcoin rebounded toward $80,000 after Monday’s tariff-driven dip near $74,000,...
Apr, 08, 2025
< 1 min read
by CoinEdition
The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge

The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge

BitMEX co-founder Arthur Hayes identified two macro developments he believes could so...
Apr, 08, 2025
< 1 min read
by CoinEdition