“The Company Said $ 10 Million of the Total Amount Raised Came in the Form of Bitcoin, at A Rate of $ 104,000 per BTC.”, – WRITE: www.coindesk.com
The Raise Tople ITS Target of $ 200 Million, and It Also Accepted ABOUT $ 10 Million Wrtho of Bitcoin
In Lieu of Cash, The Filing Details. The Placement Netted Roughly $ 215 Million After Fees. The FIRM SOLD 11,002,954 CLASS A Shares in Total.
The Fresh Capital Will Be Used Add Bitcoin to the Firm’s Treasury and Upgrade Its Fleet of Mining Machines.
The SONS of US President Donald Trump, Eric and Donald Trump JR, Owned American Data Center, Who Merged with American Bitcoin. Accorness to Earlier Reports, American Bitcoin is 80% Owned By Hut 8, with The Trump Brothers OWNING 20%.
In May, The Firm Announced It Is Vying A Public Listing by Mringing with Gryphon Digital Mining (Gryp). Hut 8’s Share Are Down 0.86% in Pre-Market Trading AT $ 18.44.
Read More: Trump Family-Backed American Bitcoin to Go Public Via Merger with Gryphon Digital
