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.

American Bitcoin to Go Public

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.