American Bitcoin Corp., a newly formed Bitcoin (CRYPTO: BTC) mining firm backed by President Donald Trump’s sons, plans to eventually go public.
What happened: During an interview with Bloomberg TV on Tuesday, Asher Genoot, CEO of American Bitcoin’s majority owner Hut 8 (NASDAQ:HUT), said the plan was to have two sister publicly traded companies in the future.
“One that is energy, infrastructure data centers [Hut 8] and the other one that’s Bitcoin, AISCs and reserves [American Bitcoin] and together they form a vertically integrated company that has some of the best economics out there,” Genoot revealed the roadmap.