American Bitcoin Corp, a mining company based in Miami, the majority of properties by Hut 8 (HUT) And supported by the Trump family, raised $ 220 million from accredited investors, according to a file with the Securities and Exchange American Commission.
The increase exceeded its 200 million dollars target, and it also accepted around $ 10 million bitcoin dollars
Instead of money, the details of the deposit. The placement reported about $ 215 million after the costs. The company sold 11,002,954 class A actions in total.
The new capital will be used to add bitcoin to the company’s treasure and will improve its fleet of mining machines.
The sons of American president Donald Trump, Eric and Donald Trump JR, had an American data center, who merged with American Bitcoin. According to previous reports, American Bitcoin belongs to 80% by Hut 8, the Trump brothers holding 20%.
In May, the company announced that it was in the running in Listin Public by merging with Gryphon Digital Mining (GRYP). The share of Cabane 8 is down 0.86% of pre-commercial negotiations at $ 18.44.
Read more: American Bitcoin supported by the Trump family to become public via the merger with Gryphon Digital
