Backed By Trump Family, American Bitcoin, Plans To Go Public Or Introduce Private Equity

American Bitcoin, a US-based Bitcoin mining company jointly created by Hut 8 and American Data Centers, has been planning to go public and may even plan to introduce private equity investment before that. Note that American Data Centers is a data infrastructure company led by the Trump family.

In a recent interview with Bloomberg TV, Hut 8 CEO Asher Genoot said that the company aims to create a vertically integrated corporate structure consisting of “two sister listed companies.” Among the sister companies, one would be responsible for energy, data centers, and infrastructure, while the other will focus on the encryption business and Bitcoin mining.

Previously, Hut 8 announced on March 31 that it had acquired 80% of American Data Centers, which is led by President Trump’s eldest son, Donald Trump Jr., and second son, Eric Trump. The company was renamed American Bitcoin. In fact, American Bitcoin began operating independently, with a focus on Bitcoin mining and strategic reserve construction.

Lately, the Trump family has immersed itself in several cryptocurrency projects, including $Trump, $Melania, and, most importantly, the World Liberty Financial Project. Moreover, Eric Trump has been appointed as a member of Metaplanet’s Strategic Advisory Board. Additionally, Eric Trump has, on several occasions, pitched Bitcoin’s adoption in the country. In fact, he recently united with MicroStrategy’s Michael Saylor to promote Bitcoin.

Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.