“Listing is a game-changer,” said Eric Trump. “It unleashes capital and institutions acquisition, which will drive our mission to build the largest and most investable platform for long-term Bitcoin accumulation.”
However, Hut 8 is providing infrastructure. US Bitcoin paid 8 for energy, operations and sharing services, which included “Accounting…HR Support, Payroll, Benefits, IT Support” and application under its SEC. While Hut 8 provides mining facilities for Bitcoin in the U.S., it is currently in Niagara Falls in New York; Alberta Pharmaceutical Cap; Prusak said Orla, Texas, could use companies to raise and deploy “a lot of capital” that would not “limit Hut 8’s balance sheet.” Foxley said that as Bitcoin in the U.S. takes care of mining, HUT 8 can focus on supporting evolving technologies such as AI and engage in “advanced standards” businesses such as companies such as Meta and Google, which require a large number of data centers to perform energy-rich operations.
Since Hut 8 is funding for data centers, U.S. Bitcoin only needs to buy its mining machines. It inherits the agreement of HUT 8 subsidiary Zephyr to purchase approximately 17,280 Bitmain U3S21 Expph Miners for up to $320 million. As of May 31, Bitcoin in the United States reported that it had more than 60,000 bitcoin miners, mainly composed of Bitmain Antminer S21+ series miners (Glennan called miners “Cadillac… not Ferrari”) and China-based Microbt M5X and M6X series machines.
Although the United States owns 30% to 40% of the world’s Bitcoin mining, 90% of the mining hardware comes from China. “Bitcoin is becoming increasingly important, the core of the U.S. financial ecosystem,” said Sanjay Gupta, chief strategy officer at U.S. bitcoin mining provider Auradine. As President Trump works to further consolidate Bitcoin’s role in the ecosystem, experts warn that connecting Chinese hardware to critical U.S. power infrastructure could pose security risks. Bitmain, for example, is a privately listed company that links to AI Company Sophgo, which the U.S. government blacklists for security reasons. (Bitmain shares co-founder with Sophgo, but has not been added to the entity list yet.)
The Bitcoin mining business must navigate deteriorating economics: They rely on volatile assets and halve miners about every four years, as more than 19 million of the total 21 million bitcoins are mined.
Glennan said maintaining the lowest debt and hedging through Bitcoin’s derivatives market will help U.S. bitcoin “surviving the ups and downs.” US Bitcoin is also aiming to improve its computing power to be more profitable. This could mean replacing old equipment with newer, more efficient models and acquiring other Bitcoin mining companies.
This requires capital, and the company hopes Trump’s name will attract. During the Bitcoin Conference in Las Vegas in May 2025, the company did not hesitate to claim that the separation between their business and Trump’s political ties was not very good. There, US Bitcoin hosted an event attended by Winkelworth twins, who each donated $1 million to Trump before the election, the president of Cantor Fitzgerald Brandon Lutnick, and the son of Trump’s business secretary Howard Lutnick.
On the stage where Vice President JD Vance was hosted a few hours ago, with Prusak, Ho and his brother Donald Jr. [Eric and I] When you look at all we do in this field, show our true level of commitment. “He first named the US Bitcoin.
Updated 7/31/25 12:00 PM EDT: This story has been updated to reflect that Matt Prusak is not on the US Bitcoin Board.
