After the merger, the company will continue to concentrate control with its founding stakeholders. Eric Trump, , and Hut 8 will collectively own 98% of American Bitcoin. Hut 8, which transitioned from pure cryptocurrency mining to a broader focus on energy infrastructure and data centers, co-founded the firm earlier this year in partnership with the Trump brothers.
The company’s leadership has emphasized that American Bitcoin will combine mining with strategic acquisitions of Bitcoin assets. This model was developed to enable the firm to switch between mining activities and first-hand buying of Bitcoins based on market conditions, making it more flexible in its treasury management policy.
Genoot reported that is actively participating in the company’s strategy, including mining operations, development of new sites, and treasury planning. However, he stressed that the business remains independent from government affairs, despite ongoing criticism regarding potential conflicts of interest given former President Donald Trump’s support for cryptocurrency-friendly policies.