Dominari Holdings Inc. announced that American Data Centers Inc. (ADC), a former wholly-owned subsidiary, has partnered with Hut 8 Corp. to form American Bitcoin Corporation. ADC became an independent company with members including Dominari.
American Bitcoin Corp. will focus on industrial-scale Bitcoin mining and strategic Bitcoin reserve development and monetization. The transaction involved Hut contributing substantially all of its ASIC miners to ADC in exchange for a majority interest, leading to ADC's renaming.
Dominari Holdings retains an ownership interest in American Bitcoin, which includes value tied to over $100 million of revenue-producing Bitcoin mining machines. This transaction is a significant milestone in Dominari's strategic vision to invest in emerging technologies and create long-term shareholder value.
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