The announcement confirmed that American Bitcoin, backed by Hut 8 and Trump-led American Data Centers, will go public via a merger. This is expected to enhance Bitcoin acquisition capabilities and improve management with key new executives.
Post-merger, Hut 8 will hold a majority stake while American Bitcoin stockholders retain about 98% of ownership. This strategic move aims to provide growth capital and solidify a stable role for Hut 8 in American Bitcoin’s operations.
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