Hut 8 Corp., a leader in energy infrastructure integrating power and digital technologies, announced the launch of American Bitcoin Corp., a majority-owned subsidiary focused on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.
The new entity will operate as a standalone brand while remaining consolidated within Hut 8’s financial statements.
The announcement follows Hut 8’s strategic contribution of most of its ASIC miners to American Data Centers Inc., a company backed by investors including Eric Trump and Donald Trump Jr. Upon completion of the transaction, American Data Centers was renamed and relaunched as American Bitcoin.
American Bitcoin aims to become the world’s largest and most efficient Bitcoin miner while building a robust strategic reserve. The subsidiary will leverage Hut 8’s proven expertise in mining operations and infrastructure development, paired with Eric Trump’s financial acumen and commitment to decentralized finance.
Hut 8 CEO Asher Genoot said the move marks an evolution in its platform strategy, creating two focused and complementary businesses. “By carving out our mining business into a standalone entity, we align each segment of the business with its respective cost of capital,” Genoot said.
Eric Trump, co-founder of American Bitcoin, called the partnership with Hut 8 “a great honor,” highlighting the shared vision for advancing decentralized financial systems.
Donald Trump Jr. noted that the business model extends beyond Bitcoin acquisition, focusing on mining operations that deliver broader opportunities for investors. “Simply buying Bitcoin is only half the story,” he said.
Leadership for American Bitcoin includes Executive Chairman Mike Ho, CEO Matt Prusak, and Eric Trump as Chief Strategy Officer. Its Board of Directors consists of Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim.
Hut 8 will serve as American Bitcoin’s exclusive provider of colocation and managed services under long-term agreements, ensuring stable revenue streams.