Broker Clear Street: Hut 8 may divest its subsidiary American Bitcoin and focus on data center accomplice operations.

TechubNews

2025-04-01 13:01:03

BTC0,93%

According to Techub News, reported by CoinDesk, broker Clear Street has released a report stating that Bitcoin mining company Hut 8 may divest its subsidiary American Bitcoin, established in collaboration with the Trump family, to focus on its high-profit data center hosting business. Additionally, Hut 8 may consider the acquisition of a super distributor.

Previously, Eric Trump and Donald Trump Jr. merged their company American Data Centers with American Bitcoin, holding a 20% stake in the company. The remaining 80% stake is owned by Hut 8, which will provide nearly 61,000 mining machines for the new entity.

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