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Shares of American Bitcoin , a bitcoin miner backed by two of U.S. President Donald Trump's sons, steadied in on Wednesday, a day after slumping nearly 40% following the expiry of a share lock-up.The stock rose 8.9% to $2.38 after the first unlock of pre-merger shares unleashed a wave of selling…
Bitcoin miners MARA Holdings and Hut 8 posted strong third-quarter results on Tuesday, with both reporting sharply higher profits and expanding Bitcoin reserves. MARA’s revenue climbed 92% year-over-year to $252 million in the third quarter of 2025, swinging from a $125 million loss to $123 million …
By Nicholas G. MillerShares of Hut 8 rose after the company said it planned to develop four new sites with more than 1.5 gigawatts of capacity.The stock was up 9.4% to $25.67 and has more than doubled over the past 12 months.The bitcoin mining company said that with the additional sites, which will …
American Bitcoin, a majority-owned subsidiary of crypto mining firm Hut 8, has raised $220 million to buy Bitcoin mining equipment and to bolster the company’s Bitcoin treasury.According to a regulatory filing, 11 million shares were issued in a private placement on Friday, with gross proceeds amoun…
Bitcoin infrastructure firm Hut 8 (ticker HUT) has doubled its credit facility with Coinbase Credit to $130 million, the companies said on Tuesday, touting improved terms including a fixed 9% interest rate and stronger collateral protections.The expanded and amended deal, which extends the loan’s ma…
By Adriano MarcheseGryphon Digital Mining has agreed to acquire Hut 8's subsidiary American Bitcoin in a go-public transaction.The transaction would be completed by way of a stock-for-stock transaction in the third quarter of this year, Hut 8 said Monday.Existing stockholders of American Bitcoin are…
American Bitcoin Corp., a Trump family-backed crypto mining operation, has plans to raise additional capital, including through an initial public offering (IPO), according to an April 1 report by Bloomberg. On March 31, Hut 8 — a publicly traded Bitcoin miner — acquired a majority stake in American…
Hut 8 Corp., a North American bitcoin miner, has unveiled plans to enhance its application-specific integrated circuit (ASIC) fleet, aiming for a boost in self-mining efficiency and expanded hashrate capacity by early 2025. Hut 8 Moves to Boost Mining Efficiency With ASIC Fleet Upgrade As part of th…
On Sept. 19, Hut 8 announced a major hosting agreement with Bitmain, aiming to generate $125 million annually. H.C. Wainwright analysts view this move positively as management shifts to offense and carries out a major deal. Under the deal, Hut…