American Bitcoin Raises $220M Ahead of Public Merger, Eyes Mining Growth

American Bitcoin Raises $220M Ahead of Public Merger, Eyes Mining Growth

American Bitcoin, a majority-owned subsidiary of Hut 8 Mining Corp and co-founded by Donald Trump Jr. and Eric Trump, has secured $220 million in funding through a private placement, aimed at expanding its Bitcoin mining infrastructure and strengthening its on-chain treasury reserves. Eleven million shares were issued as part of the capital increase, which was revealed in a regulatory Form 8-K filing with the U.S. Securities and Exchange Comm...

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