American Bitcoin Corp., supported by Trump Family Crypto Mining Operation, plans to collect additional capital, including through the first public offer (IPO), According to to the report of April 1 Bloomberg.
March 31 Hut 8 – publicly commercial miner Bitcoin (BTC) – acquired a majority participation in American Bitcoin (formerly American Data Centers), whose founders are Donald Trump Jr. and Eric Trump.
After the announcement of the Hut 8 contract, Bitcoin mineds the re -created entity that is not yet publicly traded.
While American Bitcoin focuses on cryptographic extraction, Hut 8 plans to focus the infrastructure of the data center in the case of apply, such as high -performance calculations. The agreement “is evolving steelworks 8 towards more predictable, financial, lower climatic costs,” said Asher Genoot, CEO of Hut 8 in a statement.
“So you can see it in the long term as two public sisters of the company,” said Genoot Bloomberg. “One of them is energy data centers, infrastructure, and the other Bitcoin, AISC and Reserves and together they form a vertically integrated company that has one of the best economics.”
According to Bloomberg, American Bitcoin cooperates with Bitmain, a Chinese supplier of Bitcoins extracting equipment. Bloomberg informed Bloomberg, Bitmain faced the black list of the American Sopghgo list of artificial intelligence.
Revenues from Bitcoin extraction for a quarter. Source: Coin records
Related: Eye Bitcoin Miners’ AI analysts, sales of chip before earnings from the quarter
Turning to recent business lines
Bitcoin miners are increasingly turning towards alternative business lines, such as service of artificial intelligence, to the “half” of the Bitcoin Network network in mining revenues.
Halvings occur every four years and reduce the number of BTCs to the block by half.
Miners “diversify in hostings of data on artificial intelligence as a way to extend revenues and re -use the existing infrastructure for high performance calculations,” said Coin in the March report.
According to the JPMorgan report, decreasing cryptocurrency prices exerted even greater pressure on Bitcoin miners in 2025.
Warehouse: Elon Musk’s plan to lead the government on blockchain face uphill
