News with the tag "HUT 8"

Hut 8, the North American Bitcoin mining firm tied to the Trump family, is opening an office in Dubai, signaling a strategic shift toward global expansion and capital efficiency. The move comes as the Gulf city continues to lure digital asset firms with its relaxed tax policies and business-friendly...

American Bitcoin Corp, a Miami-based mining company majority owned by Hut 8 (HUT) and backed by the Trump family, has raised $220 million from accredited investors, according to a filing with the U.S. Securities and Exchange Commission. The raise topped its target of $200 million, and it also accept...

American Bitcoin, a crypto venture backed by Eric Trump, has raised $220 million in a major Bitcoin mining push. The funds will be used to buy BTC mining equipment, a new filing by Hut 8 Corp. revealed. Per a Bloomberg report, about $10 million in equity was sold for Bitcoin rather than dollars on F...