Trump's Bitcoin mining company American Bitcoin is about to IPO, relying on Bitmain's technical support.

American Bitcoin Corp. ( officially debuted this week with the support of the Trump family ), and was jointly established by the American public company Hut 8 and an investment team consisting of Trump’s two sons, Eric Trump and Donald Trump Jr.

In this regard, Trump’s second son Eric stated during an interview with Bloomberg this morning on 4/2 that the establishment of this company is not only to mine Bitcoin but also to combine energy and AI data center businesses. They also plan to go public ( IPO ) in the future to form a “vertically integrated” American cryptocurrency industry chain.

Members of the Trump family participate, Hut 8 transfers a large number of mining equipment to a new company.

American Bitcoin was jointly funded by an investment team composed of the U.S. listed mining company Hut 8 Corp. and Donald Trump’s two sons, Eric Trump and Donald Trump Jr.

Hut 8 CEO Asher Genoot stated that most of their mining equipment has been transferred to the new company. This also means that Hut 8 is not just participating in name but is involved in a very practical collaboration.

Hut 8’s CEO stated that the ultimate goal in the future is to be a “sister-type public company”.

Genoot stated that the ultimate goal of the cooperation between the two parties is to form a pair of “sister-type listed companies,” and after the alliance between the two parties:

Hut 8: Currently focused on energy and AI data centers

American Bitcoin: Fully responsible for Bitcoin mining and asset reserves

In the future, vertical integration is expected, aiming to create the most efficient cryptocurrency industry chain in the United States. Genoot also pointed out that, in addition to going public (IPO) in the future, they will seek more funding in the short term.

The world’s strongest mining company, Trump’s son Eric: It must be made in America.

Eric emphasized during the interview that it is not only about making this Bitcoin mining company the strongest in the world, but also about achieving this in the United States.

He also stated that this is purely a private investment and has nothing to do with the government.

Cooperate with Bitmain to integrate technology and scale up.

American Bitcoin has also announced a collaboration with Chinese mining equipment giant Bitmain (Bitmain), not only introducing the most advanced mining machines but also undertaking large-scale deployment.

However, it is noteworthy that Sopghgo, an AI company under Peterland, has currently been placed on the blacklist by the U.S. government, and the U.S. has recently strengthened its regulations on Chinese mining equipment.

Bitcoin halving impacts income, market competition enters a white-hot phase.

Due to the Bitcoin “halving” in April this year, the reduction in mining rewards, and the influx of competitors, the mining industry’s profitability is under pressure.

However, thanks to the rise in Bitcoin prices and market support, many mining companies in the United States have successfully raised billions of dollars through stock and bond issuance.

As U.S.-China competition intensifies, how American Bitcoin and 比特大陸 break through the encirclement.

In summary, despite the intensifying technological competition between the US and China, American Bitcoin still chooses to cooperate with China’s leading mining machine manufacturer Bitmain, seemingly navigating in a gray area.

American Bitcoin relies on Bitmain for efficient mining machines to improve efficiency, but on the other hand, it must face increased scrutiny of Chinese-made equipment in the United States, and even the risk of future bans. Whether it can successfully become the world’s strongest mining enterprise or be unexpectedly challenged remains to be seen.

(The trade war smoke and the tightening of regulations are restraining Bitmain mining machines from entering the United States, putting local miners in crisis)

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