Trump-connected by American Bitcoin mining company that goes public

American Bitcoin, a branch in the Bitcoin Mining Company Hut 8 with ERIC trafficking, plans to publicly trade in publicly trading with a public gripper digital miner.

The transaction, which is expected to close but in K3, is a 100% merger of actions that expected to exist that the existing shareholders of American Bitcoin own about 98% of merger companies.

“This transaction marks the next step in scaling American bitcoin as a dedicated constructed vehicle for a low-budget Bitcoin Accumulation on the scale, “said the general director of Hut asher genius in the statement.” Getting American Bitcoin public, we expect to unlock direct access to dedicated growth capital independently of Hut 8 balance sheet, while preserving long-term exposure to Bitcoin. “

The company will serve under the American Bitcoin brand, but leans on Hut 8 for infrastructure and operations as she Construction goals “American Bitcoin infrastructure of the fields.”

In this, it lists three basic goals for the planned merging company: effectively mine, leading the Bitcoin ecosystem and build a Bitcoin reserve.

“Bitcoin lacks clear American cohesion and ecosystem cohesion, creating an opportunity to unite and lead” Presentation of mergers At the American Bitcoin’s website. “ABTC will take advantage of its unique operational power and a reliable range of brand to cut through the market complexity and provides simplified access to Bitcoin for Americans.”

Eric Trump, the son of President Donald Trump will serve as a co-founder and American Bitcoin’s chief officer. Genooting will serve as a member of the Management Board, together with the Executive Chairman Mike Ho and the entire Matt Prusus.

“Very proud of this project and an incredibly talented group of friends involved!” Posted by Trump on X (previously known as Twitter).

The effort is the latest with the relationships of the Trump family in Criptou, after starting Financial world freedom, Trump Media’s Cripto Etf Pushand President and First lady Meme Coin is launching on Solana Blickcain. Trump Media also recently found that In view of the introduction of tokens For your truth ecosystem that includes the truth of social and truth +, a video streaming platform.

Gripon digital mining (flu) shares (flu) were more than 173% per day to $ 1.42 while Hut 8 bounced 11.74% as Rose indices followed to improve tariff news.

Bitcoin recently dropped 2.1% in the last 24 hours to trade just above 102,000 dollars.

Edited by James Rubin