Trump-linked American Bitcoin takes a $2.1 billion route to the public markets

American Bitcoin, a Bitcoin mining company backed by Eric Trump and Donald Trump Jr., is going public through a merger with Hut 8 in a deal valuing the combined entity at roughly $2.1 billion. The transaction will fold American Bitcoin into Hut 8's publicly traded structure, giving the Trump-linked miner access to public market capital while Hut 8 shareholders retain majority ownership of the combined company. The move matters because it marks one of the highest-profile crypto-mining listings to date, deepening the Trump family's footprint in digital assets amid heightened regulatory and political scrutiny of the sector. Analysts flag risks including potential share dilution, market volatility, and concentrated control of mining operations. Investors will be watching for regulatory filings, shareholder approval timelines, and how the combined entity deploys its mining capacity and treasury strategy.