Bitcoin Data Center, which is supported by Trump’s children, may be exposed to the public after the acquisition

A 6 -week -old data center company launched by two from the president Donald TrumpHer children have the ambitions of the public market after that Bitcoin Naming the brand and acquiring it Cotton 8 this week.

Donald Trump Junior and Eric Trump

Exaggeion for encryption and artificial intelligence giant 8 Advertise Monday It took 80 % of the American Data Center, a company It was launched in February By an investor group led Eric Trump and Donald Trump Junior. The company is renamed as an American bitcoin and said in a statement that it will now focus exclusively on Bitcoin mining And the development of strategic bitcoin reserves.

Under the terms of the deal, Miami -based HUT 8 transfers all Bitcoin mining equipment to BitCoin American, which accelerates the continuous transformation of the company’s largest mining company Cross currencies And towards providing highly performance computing for artificial intelligence. Instead of organizing it as a HUT 8 company, Bitcoin America will actively act as a self -standard company.

Koch 8 CEO of Asher Genot Bloomberg TV said Tuesday that the new entity will do its own capital, with the aim of ultimately joining HUT in NASDAQ in public markets.

“So, you can see it in the long run as a sister who has been circulating publicly,” said Genot. “One is the energy, the infrastructure data centers and the other are Bitcoin, AISCS and reserves, and together they form a vertical company that has some of the best economy there.”

American Bitcoin, the former director of the Etnadd, will lead Brucek, with Eric Trump, listed in the inclusion of the company’s strategy official. For the company that has been around less than two months, the shift to Bitcoin represents a large axis of the goal of the American database of building a “strong portfolio of energy -saving data centers in the main markets throughout the United States.”

according to Investor offer When selecting the deal, Bitcoin America will start operations from the HUT 8 data centers in Medicine Hat, Alberta; Orla, Texas; And Niagara Falls, New York, and will later publish miners on the new HUT 8 campus in Texas Development.

HUT 8 has 19 data center sites in operation or development. Last month, the company Guaranteed 592 acres For the campus of a new data center at West Felicina diocese, Louisiana. The River Bend campus is expected to include 300 megawatts of capacity and costs about $ 2.5 billion, according to the company.

Koch 8 is also in a process Building a 205 -megawatt data center In Texas Panhandle called the company Vega. The campus, which is scheduled to host American Bitcoin, is expected to come online in the second quarter.

Once one of the most founded players firmly in the Bitcoin mining space, HUT 8 decision to stay away from Crypto in favor of AI Mirors at the level of industry. Prices of Bitcoin are increasingly volatile and margins for workers in the wake of Half of Bitcoin currency last year It coincided with the explosion of the unprecedented demand for computing artificial intelligence, prompting many of the most prominent encryption miners to turn their focus towards hosting the training burdens of training for adult technology customers.

It was one of these companies CoruvNow, Amnesty International’s cloud is provided He appeared for the first time in the stock market on the Nasdaq Stock Exchange last week. Companies like Crusoe, Digital Applied Core Scientific was among many companies to follow similar strategies.

The modern difficulty around Bitcoin, which has partially ignited by the Trump administration’s enthusiasm, has helped some of the largest former mines workers find buyers or investors to help them get rid of the remaining encryption operations or get rid of the entire mining sector. In addition to the HUT 8 deal with Bitcoin America, Crusoe She sold the encryption process To nydig in March, exit from Crypto completely to focus on artificial intelligence computing.

The American bitcoin is not the first battle for the Trump family in encryption. Last week, World Liberty Financial, a Chefir company supported by the president and the largest of his two sons, announced that it will work Presenting the so -called stablecoin Die to the US dollar. According to Reuters, the Trump family will The claim is 75 % of the net revenue One of the distinctive symbols of World Liberty and 60 % of the revenues of operations.

On Wednesday, Democratic legislators Elizabeth Warren And water Maxin Send a message To the Securities and Stock Exchange Committee, which requires it to maintain records related to the Trump family encryption projects and ask questions about the conflict of potential interests between Trump’s share in the world freedom and management support for friendly policies. This was also conflicting interests Concentration of the hearing of the Financial Services Committee in the House of Representatives Wednesday on an invoice that will help legitimize such stablecoins.

Trump bent to support encrypted currencies during his campaign and followed the policies supporting profit since he took office. Last month, President Executive order Create a strategic reserve of bitcoin and other encrypted currencies. Under his administration, the Supreme Education Council as well The investigations were dropped In a number of encryption companies, a lawsuit was withdrawn against Crypto Excination Coinbase.

The Trump administration’s tendency was a blessing for workers and the encryption industry as a whole. Bitcoin’s values ​​have increased by more than 30 % since the election day, while the past two months have witnessed an increase in expansion plans through the previous stagnant mining space.

In March, bitfarms His colleagues bought miners StrongHold Digital, with plans to expand mining operations in the United States, while Galaxy Digital The expansion funded From Soluna Mining 187 megawatts in Texas. In February, BitFUFU I got a 51 -megawatt Oclahoma Data Center.

Talk to bisnow In December, Genot from HUT 8 suggested that Trump from cryptocurrency workers is less than specific policies and more than the issue of management that gives legitimacy to a sector that was largely seen with doubt by the government and financial institutions.

“The administration was very audio about its support for the industry as a whole. There were also messages regarding the desire to obtain bitcoin in the United States of America,” Jenot said in December. “We have seen a lot of positive momentum and feelings … … there are a lot of back winds of this industry.”