American Bitcoin Corp, a majority mining with Miami majority owned by Hut 8 (CABIN) And backed by the Trump family, he has raised $ 220 million of accredited investors, according to a presentation before the United States Stock Exchange and Securities Commission.
The increase exceeded its target of $ 200 million, and also accepted around $ 10 million in Bitcoins
Instead of cash, the details of the presentation. The placement scored approximately $ 215 million after the rates. The company sold 11,002,954 class A shares in total.
Fresh capital will be used Bitcoin to the company’s treasure and will update its fleet of mining machines.
The children of the president of the United States, Donald Trump, Eric and Donald Trump JR, would be the American Data Center, who merged with the Americans of Bitcoin. According to previous reports, American Bitcoin is owned by 80% of Hut 8, and the Trump brothers have 20%.
In May, the firm announced that it is competing a public list by merging with Gryphon Digital Mining (Gryp). The Hut 8 action has dropped 0.86% in the negotiation prior to the market to $ 18.44.
Read more: American Bitcoin American backed by the Trump family to go to public through the merger with Gryphon Digital
