Summary
- American Bitcoin was jointly established by Hut8 and Eric Trump, with plans to go public in the future.
- The company also announced plans to raise additional capital.
- Eric Trump and Donald Trump Jr. are involved in the related investment and leadership.
Bitcoin (BTC) mining company Hut8 and Eric Trump, the second son of former US President Donald Trump, announced the joint establishment of American Bitcoin, with plans for the company to go public in the future.
According to Bloomberg on the 1st (local time), they also plan to raise additional private capital.
Previously, Hut8 transferred most of its ASIC miners to American Bitcoin in exchange for acquiring an 80% stake in the mining sector, and Eric Trump, along with two others, will be part of the American Bitcoin leadership team.
Donald Trump Jr., the eldest son of Trump, also participated in the related investment.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
