He said that by separating the mining business from the rest of the corporate activities and allowing it to raise its own capital and “align each segment of the business with its respective cost of capital.” He added:“It evolves Hut 8 toward more predictable, financeable, lower-cost-of-capital segments and establishes American Bitcoin as a pure-play mining platform built for exahash growth, Bitcoin production, and operating leverage.”The report follows Hut 8 surpassing $1 billion worth of Bitcoin holdings after acquiring 990 BTC for $100 million at the end of 2024.
The new venture “aims to become the world’s largest, most efficient pure-play Bitcoin miner while building a robust strategic Bitcoin reserve.” Mining operations will remain under Hut 8’s compute segment but will operate through the American Bitcoin brand.“Mining it on favorable economics opens an even bigger opportunity.
We’re excited to bring investors into that equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth.”Related: Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin minersStrategic shift for Hut 8Hut 9 CEO Asher Genoot recognized the launch of American Bitcoin as a “pivotal evolution” in the firm‘s strategy.
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
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