Hut 8 Corp. 2025 annual report
This primary source from U.S. Securities and Exchange Commission supports 2 claims across 2 ledger entries.
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Claims supported by this source
- factdocumented
Hut 8's annual report says American Bitcoin's June 2025 share issuance produced $215.3 million in net proceeds after $4.8 million in transaction costs; Axios had identified Eric Trump and Donald Trump Jr. as principals in the mining venture at launch.
American Bitcoin private-placement and merger discussionAmerican Bitcoin netted $215.3 million after $4.8 million in costs · Private placement completed
- factdocumented
Hut 8's annual report says the September 3, 2025 merger listed American Bitcoin publicly, gave pre-merger American Bitcoin holders about 98% of the combined company, and left Hut 8 as majority owner under long-term commercial agreements.
American Bitcoin private-placement, transaction-cost, public-merger, ownership-allocation, and Hut 8 agreement sectionsAmerican Bitcoin merger left prior holders with 98% of the public company · American Bitcoin publicly listed; Hut 8 remained majority owner