Hut 8 Corp., a Wall Street-listed Bitcoin miner, has launched American Bitcoin Corp. The new subsidiary will focus on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.

The launch follows Hut 8’s contribution of most of its ASIC miners in exchange for a majority stake in American Data Centers, Inc. The company was later renamed American Bitcoin. The investor group behind American Data Centers included Eric Trump and Donald Trump Jr.

Hut 8 to Support American Bitcoin Operations

"By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital," Asher Genoot, CEO of Hut 8.

American Bitcoin will operate under Hut 8’s Compute segment. The results will be consolidated into Hut 8’s financial statements. Hut 8 will provide infrastructure and operational support under long-term agreements. These agreements will generate revenue for Hut 8’s Power and Digital Infrastructure segments.

"The transaction creates two focused yet complementary businesses, each purpose-built for its respective mandate. It evolves Hut 8 toward more predictable, financeable, lower-cost-of-capital segments and establishes American Bitcoin as a pure-play mining platform built for exahash growth, Bitcoin production, and operating leverage," Genoot, CEO of Hut 8.

Hut 8 has launched American Bitcoin, a new majority-owned subsidiary focused on industrial-scale Bitcoin mining and strategic $BTC reserves.

The venture includes contributions from Eric Trump and Donald Trump Jr. and will operate under the Hut 8 platform. pic.twitter.com/PjD4khOJLI

— Satoshi Club (@esatoshiclub) March 31, 2025

Expanding Mining, Building Bitcoin Reserve

"By combining Hut 8’s proven operational excellence in data centers with our shared passion for Bitcoin and decentralized finance, we are poised to strengthen our foundation and drive significant future growth," said Eric Trump, Co-founder of American Bitcoin.

American Bitcoin plans to expand its mining operations and build a strategic Bitcoin reserve. The company will leverage Hut 8’s mining expertise and infrastructure development capabilities.

"But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity. We’re excited to bring investors into that equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth," Donald Trump Jr. added.