Dominari’s Bold Crypto Play: American Bitcoin Rises from Hut 8 Deal

March 31, 2025

DENVER, Colo., Mar 31, 2025 (247marketnews.com)- Dominari Holdings (NASDAQ:DOMH) pulled off a Wall Street stunner, turning its wholly-owned American Data Centers (ADC) into American Bitcoin Corporation through a transformative pact with Hut 8 Corp.

This deal spins ADC into an independent powerhouse, now co-owned by Donald J. Trump Jr., Eric Trump, Dominari, and AI industry pros, with Hut 8’s muscle driving industrial-scale bitcoin mining and reserve development. It’s Dominari’s first big swing under its advisory board’s playbook, and it’s aiming for the crypto stratosphere.

Hut 8 dumped nearly all its ASIC miners bitcoin rigs into ADC for a majority stake, flipping it into American Bitcoin.

Kyle Wool , Dominari’s President, said “We are grateful to our Board of Advisors who were materially involved in effectuating the transaction with Hut, often taking the lead in negotiations, secondary introductions, and legal support.  On behalf of Dominari, we are grateful for the work of all our advisors on this deal and especially Mr. Eric Trump who led the negotiations on behalf of ADC.  This transaction is a significant milestone in our strategic vision to evolve into a dynamic holding company by investing in emerging technologies that drive innovation and create long-term value for our shareholders. American Bitcoin leverages Hut’s world-class operational expertise to develop large-scale bitcoin mining operations and position American Bitcoin as an industry leader.”

Hut’s “Compute” segment mining ops now roar under the American Bitcoin banner, with Eric Trump, a Dominari advisory board star, stepping up as Co-Founder and Chief Strategy Officer. With Hut’s proven mining chops and Trump’s market savvy, they’re gunning to be the world’s leanest, meanest bitcoin miner while stacking a strategic reserve—a $10 billion crypto market play.

Anthony Hayes, Dominari’s CEO, added, “On a broader level for Dominari shareholders, this transaction represents substantive progress in Dominari’s effort to create shareholder value by incubating these unique and compelling opportunities in the ever-evolving American technology sector.   We are using the resources of our wholly owned full-service broker dealer, Dominari Securities, to help structure these exciting opportunities to make them attractive to both the private and public markets.  We are marrying the expertise of Dominari’s broker dealer, the investment bank, and the resources of the holding company to bring new technologies to market, that we then intend to share with our shareholders in the form of dividends.”

DOMH’s stake in American Bitcoin ties them to over $100 million in revenue-generating mining gear.

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