Hut 8 is establishing a new office in Dubai to enhance its Bitcoin operations, which is independent from its partnership with the Trump family. This expansion aims to take advantage of Dubai’s business-friendly environment for cryptocurrency activities.
Hut 8’s mining assets will merge into the new entity, American Bitcoin, co-owned by Donald Trump Jr. And Eric Trump. This merger plans to go public this year, positioning Hut 8 to hold an 80% stake in the combined company.
In 2025, Bitcoin’s market share has dramatically rose to 64%, in contrast to altcoins that have lost over 300 billion USD. Experts suggest that many altcoins may fade away, reinforcing Bitcoin’s leading position as the primary cryptocurrency.
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