Apr 05, 2025 | Posted by Abdul-Rahman Oladimeji
Crypto and AI data center firm Hut 8 said it has taken a majority 80 percent interest in American Data Centers, Inc., a company formed by a group of investors including Eric Trump and Donald Trump Jr., with American Data Centers, Inc. renamed and relaunched as American Bitcoin.
“The launch of American Bitcoin marks a pivotal evolution in our platform strategy,” said Asher Genoot, CEO of Hut 8. “By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital. The transaction creates two focused yet complementary businesses, each purpose-built for its respective mandate.”
“The transaction combines Hut 8’s proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump’s commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems,” the company added.
