As part of the deal, Hut 8 will shift nearly 61,000 of its specialized bitcoin-mining machines to American Bitcoin in exchange for an 80% ownership in the new entity.
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The Trump Family Advances Its All-Out Crypto Blitz, This Time With Bitcoin Mining
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American Bitcoin was formed through a no-cash merger between American Data Centers and Hut 8’s mining assets, with Hut 8 contributing 61,000 machines and retaining 80% ownership. The Trump brothers hold a 20% stake, while Hut 8 maintains operational control via commercial agreements.
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