Trump Family-Linked Bitcoin Miner Heads to Dubai

Hut 8, a mining company linked to the Trump family, has registered a new office in Dubai’s International Financial Centre The company has close ties with American Bitcoin Corp., co-founded by Donald Trump Jr. and Eric Trump, with Hut 8 owning 80% and the Trump family holding 20% Last year, the crypto investments in the UAE reached $30 billion Hut 8, a major North American Bitcoin mining company linked to the Trump family, has registered a new office in Dubai’s International Financial Centre (DIFC), focusing on digital asset trading and treasury operations. The company’s goal is to improve capital management, liquidity, and flexibility. As the CEO Asher Genoot noted, this expansion “will enhance the precision and efficiency of Hut 8’s capital strategy” . Lately, Dubai and the UAE in general have been a hotspot for crypto expansion. The city offers zero corporate taxes in free zones and a business-friendly regulatory approach, significantly contributing to its status as a global crypto and financial hub. Hut 8’s Connections Hut 8 has close ties with American Bitcoin Corp., co-founded by Donald Trump Jr and Eric Trump, with Hut�… The post Trump Family-Linked Bitcoin Miner Heads to Dubai appeared first on Coin Edition .

Source: Coin Edition