American Bitcoin Corp, a majority stake in Miami-based mining company (cabin) $220 million has been raised from recognized investors with support from the Trump family Register Work with the SEC.
The salary increase exceeded its $200 million target, and it also accepted about $10 million worth of Bitcoin
In lieu of cash, submit details. After the expenses, the income from the resettlement is approximately $215 million. The company sold a total of 11,002,954 A shares.
Fresh capital will be used to add bitcoin to the company’s Treasury and upgrade its mining fleet.
The son of U.S. President Donald Trump, Eric and Donald Trump Jr owns the U.S. data center that merges with U.S. bitcoin. According to earlier reports, US Bitcoin is 80% of the cabins 8 and the Trump brothers own 20%.
In May, the company Announced to be competing for public listing By merger with Gryphon digital mining (catch). Hut 8’s share fell 0.86% with pre-sale transactions of $18.44.
Read more: Trump’s family-backed US Bitcoin is revealed through merger with Gryphon Digital
