Hut 8 climbs after teaming up with Eric Trump for bitcoin mining
ReutersMar 31, 2025 11:49 AM
** U.S.-listed shares of crypto miner Hut 8 HUT.O rise 6% to $12.42 premarket
** HUT says it has teamed up with Eric Trump to form American Bitcoin with a focus on mining and building bitcoin reserves
** Co says it merged the majority of its mining operations for an 80% stake in American Data Centers, backed by investors including Eric Trump and Donald Trump Jr., rebranded as American Bitcoin
** In the longer run, American Bitcoin plans to be publicly listed to expand its access to capital
** As of last close, HUT stock down 42.8% YTD
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