Crypto mining and infrastructure firm Hut 8 has acquired a majority stake in American Bitcoin, a company founded by a group of investors that includes Donald Trump Jr. and Eric Trump.
The consolidation will merge mining hardware under the American Bitcoin brand to create a focused, efficient pure-play miner and build a strategic Bitcoin reserve.
Hut 8 aims to become the world's largest and most efficient pure-play Bitcoin miner.
The move marks a pivotal evolution in Hut 8's platform strategy.