Latest news with #AmericanBitcoinCorp.
Bloomberg
01-04-2025
- Business
- Bloomberg
Trump-Backed American Bitcoin Mining Venture Wants to Go Public
American Bitcoin Corp., the crypto mining venture announced this week between Hut 8 Corp. and an investor group that includes two sons of US President Donald Trump, plans to eventually go public as well as to seek additional private capital. 'So you can see this in the long term as two sister publicly traded companies,' Asher Genoot, chief executive officer of Miami-based Bitcoin miner Hut 8, said during a Bloomberg TV interview on Tuesday. 'One that is energy, infrastructure data centers and the other one that's Bitcoin, AISCs and reserves and together they form a vertically integrated company that has some of the best economics out there.'
Bloomberg
01-04-2025
- Business
- Bloomberg
Trump Family Launches Bitcoin Mining Venture With Hut 8
The Trump family is launching a Bitcoin mining-focused venture with Hut 8 Corp., called American Bitcoin Corp., which will focus on Bitcoin mining and "strategic Bitcoin reserve development." Eric Trump will serve as the chief strategy officer for American Bitcoin. Asher Genoot is the Hut 8 CEO. Eric Trump says there are no conflicts of interest with the White House or his father, President Donald Trump. They speak on "Bloomberg Crypto." (Source: Bloomberg)
