American Bitcoin Corp., an operation supported by the family’s family crypto, has plans to raise additional capital, including through an initial public offering (IPO), According to In an April 1 report by Bloomberg.
On March 31, Hut 8 – a publicly exchanged in Bitcoin (Btc) miner – Got a predominantly stake in American Bitcoin (former American data centers), whose founders are with Donald Trump Jr. and Eric Trump.
After the announcement of the deal, the Hut 8 moved the Bitcoin mining equipment to the newly created creature, which has not yet been exchanged with the public.
While American Bitcoin will focus on crypto mining, Hut 8 plans to target data center infrastructure for the use of cases such as high-performance computing. The deal “changes the Hut 8 to the more unpredictable, financial, lower cost-of-capital segments,” Asher Genoot, CEO of Hut 8, said in a statement.
“So you can see it in the long run as two brothers who have been publicly exchanged,” Genoot told Bloomberg. “One energy, infrastructure data centers and the other is that Bitcoin, AISC and reserve and together they form an upright combined company with some of the best economies there.”
According to Bloomberg, American Bitcoin is working in Bitmain, a Bitcoin’s Bitcoin mining supplier. Bitmain is facing the investigation after the US balacking of artificial intelligence Sopghgo, Bloomberg reported.
Bitcoin mining revenues per quarter. Source: Coin
Related: Analysts Eye Bitcoin Miners’ AI, Chip Sales Leading Q4 revenues
Pivoting on new lines of business
Bitcoin miners are increasingly pivoting towards alternative lines of business, such as service Artificial intelligence models.
Halvings occur every four years and cut into half the number of BTC mined per block.
Miners “vary in hosting AI-center data as a way to expand revenue and re-consider the existing infrastructure for high-performance computing,” Coin Metrics said in the March report.
Decline in cryptocurrency prices is placed Although more pressure on Bitcoin miners in 2025According to a JPMorgan report.
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