Hut 8 is spinning out its mining operations into the newly formed American Bitcoin company.
2 reports, 2 independent
Updated Aug 27
Gone quiet
Reached 2 outlets in its first 24 hours
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Hut 8 is spinning out its mining operations into the newly formed American Bitcoin company.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Hut 8 spins out operations into ABTC while Benchmark raises its price target.1 source
Hut 8 is projected to own 64.37% of Gryphon, a key part of the ABTC shift.1 source
Keep exploring
The entities involved
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Hut 8
cryptocurrency mining company
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American Bitcoin
bitcoin mining and accumulation company
Nothing else this week.
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Benchmark
venture capital firm
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- MarketBeat published a buy rating and target price increase for a company, with disclosures made under a Rule 10b5-1 trading plan.
Coverage
Newest first; wire copies grouped- CoinDeskHut 8 Maps 'Path to Monetization' of Energy Assets as Bitcoin Mining Carve-Out Nears: Benchmark Hut 8 (HUT) is set to spin out most of its bitcoin (BTC) mining operations into American Bitcoin (ABTC)
- BlockspaceJonesResearch rerates Hut 8 amid ABTC shift, issues $31 price target Hut 8’s (NASDAQ: HUT) Q2 results marked its first full period operating its subsidiary American Bitcoin (ABTC), a change JonesRese