Catenaa, Tuesday, April 08, 2025-American Bitcoin, a crypto mining firm backed by Donald Trump’s sons and Hut 8, plans to go public and may seek private investment before its listing, Bloomberg reported last week.
The company, formerly known as American Data Centers, rebranded after Hut 8 acquired an 80% stake. The firm aims to function as two publicly traded sister companies under a vertically integrated structure, according to Hut 8 CEO Asher Genoot. One branch will manage energy and infrastructure, while the other focuses on Bitcoin mining.
Eric Trump, who leads the company with Donald Trump Jr., stated in a Bloomberg interview that there is “virtually no” communication between the firm and the White House.
American Bitcoin is expected to build a strategic Bitcoin reserve as part of its mining operations. The IPO timeline and potential private investors remain undisclosed.
