Hut 8, formerly a Toronto-based bitcoin miner with operations in Ontario and B.C., has exchanged most of its mining operations for an 80% stake in American Data Centers, a company tied to Eric and Donald Trump Jr. The company will rebrand as American Bitcoin, marking the Trump family’s third venture into digital assets.
The move follows criticism over potential conflicts of interest, given the Trump administration’s pro-crypto policies. Matt Prusak, ex-Hut 8, will be CEO, while Eric Trump assumes the role of chief strategy officer. Hut 8 merged with US Bitcoin and moved its HQ to Miami in 2023.
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