tzongocu on Nostr: 📰 News Alert... 🔖 Title: Trump Family-Backed American Bitcoin Corporation Eyes ...

📰 News Alert...

🔖 Title: Trump Family-Backed American Bitcoin Corporation Eyes IPO
🗓️ Published: 2025-04-01T15:30:00-04:00
📄 Summary: The American Bitcoin Corporation, linked to Donald Trump’s family, is contemplating an initial public offering (IPO) to secure additional capital. Following Hut 8's acquisition of a majority stake in the company, the venture is set to focus on cryptocurrency mining while Hut 8 pivots towards data center infrastructure. This strategic move aims to enhance operational efficiency and capitalize on the evolving landscape of both Bitcoin mining and high-performance computing. The partnership with Bitmain further emphasizes the ambition behind American Bitcoin's growth objectives amid fluctuating crypto markets.
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https://www.bloomberg.com/news/articles/2025-04-01/trump-backed-american-bitcoin-mining-venture-wants-to-go-public

🗞️ Source: Cointelegraph by Alex O’Donnell
💓 #CryptoMining #Finance #PublicOffering