Hut 8 Acquires Majority Stake in American Bitcoin to Boost Mining Operations

Cryptocurrency mining company Hut 8 has acquired a controlling stake in American Bitcoin, consolidating its operations under the new brand. This move, spearheaded by prominent figures including Donald Trump Jr. and Eric Trump, seeks to optimize efficiency and scale operations through strategic reserves. The initiative merges existing mining infrastructure while preserving its computing segment, aiming to become the world’s most productive mining platform. Hut 8 is dedicated to a long-term strategy, strengthening its infrastructure and preparing for expansion.