PANews reported on April 2 that according to Bloomberg, American Bitcoin Corp, a crypto mining company jointly established by listed mining company Hut 8 and the Trump family investment group, plans to start listing after seeking private equity financing. The joint venture was officially established this week, and investors include two sons of US President Trump. Hut 8 CEO Asher Genoot said in an interview: "In the long run, this will form two listed sister companies, one focusing on energy infrastructure and data centers, and the other focusing on Bitcoin mining machines and reserves, which together form a vertically integrated top business model." Hut 8 has transferred almost all mining equipment to the newly established American Bitcoin. Although the new company specializes in Bitcoin mining, Hut 8 will focus on expanding its data center business to support the construction of infrastructure for artificial intelligence applications.
Eric Trump declared in a conference call on Tuesday: "We will build the world's strongest Bitcoin mining company, right here in the United States." Genoot revealed that the new entity will consider introducing private investment before going public. It is worth noting that American Bitcoin is working with mining machine manufacturer Bitmain, which will help it obtain the latest mining machine technology and expand its operations in the future as new equipment is deployed. Eric Trump emphasized in the interview: "There is no conflict of interest because I have no working relationship with the White House and I have always been in the private sector. We founded World Financial Liberty long before my father entered the White House. This is the crypto business we have long believed in."
