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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