Hut 8 Corp. announced the launch of American Bitcoin Corp. (ABTC) on March 31, 2025, a new majority-owned subsidiary focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. This strategic move follows the contribution of substantially all of Hut 8’s ASIC miners to the new entity, in exchange for a majority interest.
The launch involves a partnership with Eric Trump and Donald Trump Jr., with Eric Trump also joining as a strategic advisor to Hut 8. American Bitcoin aims to become a leading pure-play Bitcoin miner, targeting a hashrate of 25 EH/s, with optionality to 50 EH/s, and an average fleet efficiency of 14 J/TH.
Hut 8 will serve as American Bitcoin’s exclusive infrastructure and operations partner through long-term commercial agreements. These agreements are designed to generate stable, contracted revenue streams for Hut 8’s Power and Digital Infrastructure segments, effectively embedding a dedicated anchor tenant and accelerating the monetization of its power assets.
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