Hut 8 launches American Bitcoin with Eric Trump; contributes miners for 80% stake

Hut 8 Corp.

Hut 8 contributed majority of its ASIC miners to American Bitcoin in exchange for 80% equity; Eric Trump and Donald Trump Jr. are co-founders.
American Bitcoin aims for 50+ EH/s at <15 J/TH efficiency and aspires to become a publicly listed pure-play miner.
Leadership: Mike Ho (Exec Chairman), Matt Prusak (CEO), Eric Trump (CSO); Board includes Asher Genoot and Justin Mateen.
Hut 8 will exclusively colocate and manage American Bitcoin's miners under long-term agreements, generating stable revenue.
Mining ops remain in Hut 8's Compute segment under American Bitcoin brand; results consolidated.

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