American Bitcoin is born + Gold price hits another record + IPO at Newsmax Inc. with share price increase of over 500%

American Bitcoin is born $HUT (-8,7%)

• Bitcoin miner Hut 8 merges with Trump sons' company.
• Hut 8, one of the world's largest Bitcoin miners, joins American Data Centers. The Trump sons' company receives the mining business in return.
• https://www.btc-echo.de/schlagzeilen/bitcoin-miner-hut-8-fusioniert-mit-unternehmen-der-trump-soehne-204694/

Gold price climbs to another record

• Fueled by concerns about the consequences of the aggressive US tariff policy, gold continued its record rally on Tuesday.
• The price of a troy ounce (approx. 31.1 grams) rose by almost 0.8 percent to almost 3,148 US dollars in early trading on the London Stock Exchange.
• On Monday, the price of gold had climbed above the 3,100 dollar mark for the first time.
• This means that gold has already risen in price by a fifth this year, after the price of the precious metal had already risen by almost half in the previous three years.
• In addition to the uncertainty caused by wars and conflicts, one of the price drivers is US customs policy.
• Trump recently threatened that no country would be spared from the planned tariffs imposed by the United States.
• "They would start with all countries," he said during a flight on the presidential plane Air Force One.
• In addition to the US tariff policy, the record hunt for gold is also explained by geopolitical risks.
• According to the report, the latest efforts to achieve a ceasefire in the Ukraine war have shown little progress.
• In addition, the situation in the Middle East came to a head again after the Israeli military expanded its ground attacks in the Gaza Strip.

Conservative news portal Newsmax Inc. $NMAX
records a share price increase of over 500 % on its debut

• Shares in Newsmax , the newly listed conservative news outlet, soared on its first day of trading.
• The company, which recently announced the completion of an initial public offering under Regulation A+ for small-cap companies, saw its stock price soar $51 per share in early trading, or 510%.
• The Class B common stock was priced at $10 per share.
• The enthusiasm for the stock could be an indicator of the success of conservative media, while the Trump administration is imposing a number of onerous conditions on the mainstream mediat.
• Current FCC Commissioner Brendan Carr called for investigations into both Disney and Paramount Global's CBS, and the Trump White House is seeking to take control of the organization of news coverage.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Air Products & Chemicals USD 1.79

• Quarterly figures / company dates Europe
• 09:30 Clariant AGM
• 13:00 Bayer Pharma Media Day
• 15:00 Uzin Utz online conference on business development 2024
• 16:00 Intershop AGM
• 17:45 Continental Pre-Close Call 1Q

• Economic data

01:50 JP: BoJ, Tankan report with diffusion index on economic sentiment 1Q PROGNOSIS: 12 previous: 14

03:45 CN: Purchasing Managers' Index/PMI manufacturing Caixin/S&P Global March FORECAST: n/a previous: 50.8

05:30 AU: Reserve Bank of Australia (RBA), Monetary Policy Council Results FORECAST: n/a previously: 4.10%

09:45 IT: Purchasing Managers' Index/PMI Manufacturing March PROGNOSE: 48.0 previous: 47.4

09:50 FR: Purchasing Managers' Index/PMI Manufacturing (2nd release) March FORECAST: 48.9 1st release: 48.9 PREV: 45.8

09:55 DE: Purchasing Managers' Index/PMI Manufacturing (2nd release) March FORECAST: 48.3 1st release: 48.3 previous: 46.5

10:00 EU: Purchasing Managers' Index/PMI manufacturing Eurozone (2nd release) March FORECAST: 48.7 1st release: 48.7 PREV: 47.6

10:30 UK: Purchasing Managers' Index/PMI Manufacturing (2nd release) March FORECAST: 44.6 1st release: 44.6 Previous: 46.9

11:00 EU: Eurozone February Labor Market Data Unemployment Rate FORECAST: 6.2% PREVIOUS: 6.2%

11:00 EU: Eurozone Consumer Prices (flash estimate) March Eurozone PROGNOSE: +0.6% yoy/+2.2% yoy previous: +0.4% yoy/+2.3% yoy Core rate PROGNOSE: +1.0% yoy/+2.5% yoy previous: +0.5% yoy/+2.6% yoy

14:30 DE: ECB President Lagarde, opening of the ECB conference "The transformative power of AI: economic implications and challenges" (18:30 Dinner speech by Chief Economist Lane)

15:45 US: Purchasing Managers' Index/PMI manufacturing (2nd release) March FORECAST: 49.8 1st release: 49.8 previous: 52.7

16:00 US: Construction Spending February FORECAST: +0.3% yoy previous: -0.2% yoy

16:00 US: ISM Manufacturing Index March FORECAST: 49.5 points previous: 50.3 points

$HUT (-8,7%)
$BTC (+1,33%)

Key points of American Bitcoin

- Goal: American Bitcoin aims to become the world's largest and most efficient pure Bitcoin miner while building a strategic Bitcoin reserve.

- Growth: The goal is to achieve a mining capacity of over 50 EH/s with an average fleet efficiency of less than 15 J/TH and to become a publicly listed company.

MIAMI, FL, March 31, 2025 (GLOBE NEWSWIRE) - Hut 8 Corp (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform that integrates power, digital and computing infrastructure for energy-intensive applications such as Bitcoin mining and high performance computing, today announced the formation of American Bitcoin Corp ("American Bitcoin").

American Bitcoin is a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale Bitcoin mining and the development of strategic Bitcoin reserves.

This formation follows a strategic transaction in which Hut 8 contributed the majority of its ASIC miners to American Data Centers, Inc. in exchange for a majority stake. This company was founded by a group of investors including Eric Trump and Donald Trump Jr. Following the transaction, American Data Centers, Inc. was renamed American Bitcoin and realigned.

Going forward, all of Hut 8's Bitcoin mining activities will continue to operate under the Compute division, but under the American Bitcoin brand. American Bitcoin's financial results will initially be consolidated into Hut 8's financial reports. Hut 8 will act as American Bitcoin's exclusive infrastructure and operating partner, generating stable, contractually secured revenues in the areas of power and digital infrastructure through long-term commercial agreements.

American Bitcoin's strategic vision

American Bitcoin aims to become the world's leading and most efficient Bitcoin miner while building a strong Bitcoin reserve. The transaction combines:

- Hut 8's proven mining experience

- Cost-efficient infrastructure development

- Disciplined capital management

- Eric Trump's entrepreneurial experience and capital markets expertise

Eric Trump, co-founder of American Bitcoin, stated:

"It is a great honor to partner with Hut 8, a recognized leader in the Bitcoin space. By combining Hut 8's operational excellence in the data center space with our shared passion for Bitcoin and decentralized financial systems, we will build a strong foundation and drive significant growth."

Donald Trump Jr. added:

"We believe in Bitcoin - both personally and for business. But just buying Bitcoin is only half the story. Mining it efficiently opens up even greater opportunities. We are excited to give investors the opportunity to participate directly in this development through a specialized platform."

Asher Genoot, CEO of Hut 8, emphasized:

*"The creation of American Bitcoin is a critical step in our strategic evolution. By spinning out our mining business into a separate entity that can raise its own capital, we are optimizing the financing structure of our company. This creates two focused but complementary businesses:

- Hut 8 is moving towards more predictable, fundable and cost-efficient business models.

- American Bitcoin will be positioned as a pure mining platform for growth in the exahash space, bitcoin production and economies of scale. "*

Key transaction details

- Structure:

- Hut 8 contributed the majority of its own ASIC miners to American Data Centers, Inc. in exchange for 80% of the shares.

- Upon completion of the transaction, American Data Centers, Inc. was renamed American Bitcoin.

- Management Team:

- Mike Ho - Executive Chairman

- Matt Prusak - Chief Executive Officer

- Eric Trump - Chief Strategy Officer

- Board of Directors:

- Mike Ho

- Asher Genoot

- Justin Mateen

- Michael Broukhim

- Commercial agreements:

- Hut 8 becomes the exclusive provider of ASIC colocation and managed services for American Bitcoin.

- Hut 8 will take over the day-to-day management of American Bitcoin under a shared services agreement.

Further information on the transaction

- A detailed presentation on the transaction is available on Hut 8's website.

- Additional information will be filed in a Form 8-K with the U.S. Securities and Exchange Commission.

Investor Call

- Date: Tuesday, April 1, 2025

- Time: 8:30 a.m. ET

- Live Webcast: Participate here

- Analyst registration: Register here

Further communication and updates

For important news and information on company developments, visit:

- Investor Relations website: hut8.com/investors

- Social media channels (X and LinkedIn)

Hut 8 uses its website and social media as primary channels for publishing important investor information, including potentially market-moving news

$RIOT (-4,83%) does anyone have any idea why both Riot and Bitfarms $BITF (-4,73%) are doing so poorly today? HUT8 $HUT (-8,7%) is completely passing by...

Earnings next week (11.11 - 15.11)

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Monthly performance of crypto stocks in September

+27% MicroStrategy

+27% Bitdeer Technologies

+24% Advanced Blockchain

+22% Hut 8 Corp

+18% Cipher Mining

+17% VanEck Crypto & Blockchain ETF

+16% Global X Blockchain ETF

+14% Terawulf

+13% Galaxy Digital

+12% Iris Energy

+10% Bitcoin for comparison

+7% Riot Platforms

+2% Bitcoin Group

+1% Hive Digital

+1% CleanSpark

+1% Coinbase (Coinzi)

+0% Bit Mining

+0% Northern Data

-3% Argo Blockchain

-4% Marathon Digital

-15% Coinshares International

>> Which ones are you invested in?

#bitcoin
$BTC (+1,33%)
$IREN (-4,39%)
$CIFR (-10,29%)
$HUT (-8,7%)
$MSTR (-0,92%)
$GLXY (-7,66%)
$BTDR (-9,77%)
$COIN (-7,29%)
$WBKN (-4,97%)
$ARB (+7,36%)
$ABX (-7,85%)
$RIOT (-4,83%)
$HIVE (-5,08%)
$MARA (-3,35%)
$CLSK (-3,43%)
$ADE (-6,15%)
$WULF (-5,83%)
$NB2 (-1,73%)
#krypto
#crypto

Weekly performance of crypto stocks (28.09.)

+40% Cipher Mining

+25% Iris Energy

+21% MicroStrategy

+19% Hut 8 Corp

+17% Galaxy Digital

+16% Bitdeer Technologies

+14% Global X Blockchain ETF

+12% Coinbase (Coinzi)

+12% CleanSpark

+12% VanEck Crypto & Blockchain ETF

+11% Argo Blockchain

+10% Marathon Digital

+8% Riot Platforms

+6% Hive Digital

+6% Bitcoin Group

+5% Bit Mining

+4% Terawulf

+4% Bitcoin for comparison

+4% Northern Data

+2% Advanced Blockchain

-7% Coinshares International

#bitcoin
$BTC (+1,33%)
$IREN (-4,39%)
$CIFR (-10,29%)
$HUT (-8,7%)
$MSTR (-0,92%)
$GLXY (-7,66%)
$BTDR (-9,77%)
$COIN (-7,29%)
$WBKN (-4,97%)
$ARB (+7,36%)
$ABX (-7,85%)
$RIOT (-4,83%)
$HIVE (-5,08%)
$MARA (-3,35%)
$CLSK (-3,43%)
$ADE (-6,15%)
$WULF (-5,83%)
$NB2 (-1,73%)
#krypto
#crypto