In brief
- Hut 8, a Bitcoin mining firm with Trump family ties, raised $220 million to buy more equipment.
- The company also registered an office in Dubai, a growing crypto hub, last week.
- It follows a string of Trump-linked crypto ventures gaining traction in the UAE.
Hut 8, a Trump family-linked Bitcoin mining firm, has expanded its operations to Dubai, according to filings submitted last week to the Dubai International Financial Centre.
On Monday, the company also disclosed it had raised $220 million to purchase Bitcoin and mining infrastructure.
The company is the majority owner of American Bitcoin, a mining venture co-founded by Eric Trump, who served as its Chief Strategy Officer. His brother Donald Jr. is also a shareholder in the…
Oct 12 2025
