welcome
CoinGape

CoinGape

Business

Business & Economics

Bitcoin miner Hut 8 partners with Trump family to launch new Bitcoin mining venture

CoinGape
Summary
Nutrition label

60% Informative

Bitcoin miner Hut 8 has reportedly partnered with the Donald Trump family business to launch a new BTC mining venture.

Hut 8 announced the launch of American Bitcoin Corp. , a majority-owned subsidiary focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.

The agreement ensures long-term revenue streams for Hut 8 through exclusive infrastructure and operations management.

As a result of this development, Hut 8 stock price is up 5.45% in the pre-market trading hours, moving to $ 12.36 levels.

VR Score

37

Informative language

27

Neutral language

65

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links