Hut 8 Corp. Launches American Bitcoin Corp. for 50 EH/s Mining Capacity

Hut 8 Corp. has made a significant move in the Bitcoin mining industry by founding American Bitcoin Corp. This new venture aims to become the largest and most efficient Bitcoin miner, with a strategic focus on creating a substantial Bitcoin reserve. The project is backed by a notable group of investors, including Eric Trump and Donald Trump Jr., who bring financial expertise, market influence, and a long-term vision to the initiative. American Bitcoin Corp. is poised to set new standards for sustainability, scalability, and efficiency in the Bitcoin mining sector.

The strategic vision of American Bitcoin Corp. is centered on optimizing efficiency and scalability. The company aims to achieve more than 50 EH/s in mining capacity while operating under 15 J/TH, positioning it among the most advanced miners in the industry. In addition to mining, American Bitcoin Corp. is developing a strategic Bitcoin reserve to ensure financial strength and flexibility, aligning with the growing institutional interest in Bitcoin as an investment asset and store of value. The company is also preparing for a future public listing, which will support its long-term growth strategy and enhance transparency and investor confidence.

The creation of American Bitcoin Corp. was facilitated through a planned transaction designed to maximize efficiency and investment potential. Hut 8 Corp. transferred most of its ASIC miners to American Data Centers Inc. in exchange for an 80% ownership stake. American Data Centers Inc. was subsequently renamed American Bitcoin Corp. and will operate under Hut 8’s Compute division, maintaining operational and financial independence. Hut 8 Corp. will provide colocation infrastructure and managed services through long-term contracts, ensuring operational stability and consistent revenue streams for American Bitcoin Corp.

Hut 8 Corp. remains a crucial partner in the success of American Bitcoin Corp., offering essential infrastructure, colocation, and operational support. This partnership allows American Bitcoin Corp. to focus on maximizing mining efficiency and production capacity, while Hut 8 Corp. benefits from consistent revenue from its energy and computing infrastructure. The involvement of high-net-worth individuals and industry experts in American Bitcoin Corp. marks a significant shift toward institutional-scale Bitcoin mining, driven by the increasing global acceptance of Bitcoin.

By leveraging Hut 8 Corp.’s established mining infrastructure and combining it with strategic investment and operational expertise, American Bitcoin Corp. is well-positioned to capitalize on the growing demand for efficient, large-scale mining operations. This strategy ensures long-term viability and a strong presence in the competitive mining landscape. Hut 8 Corp. has released a comprehensive presentation on its website, outlining the company’s future vision and strategic initiatives. A Form 8-K filing with the SEC will provide detailed transaction information for stakeholders and investors. Hut 8 Corp.’s leadership will discuss the creation of American Bitcoin Corp. and address investor inquiries during a live conference call on April 1, 2025, at 8:30 a.m. ET, which will be available on Hut 8 Corp.’s official website.

American Bitcoin Corp. represents a significant advancement in Bitcoin mining, combining modern operational efficiency with a bold vision for the future. By integrating best-in-class mining infrastructure with institutional investment and strategic leadership, the company is well-positioned to dominate the mining sector and play a pivotal role in Bitcoin’s long-term growth and adoption.