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- #Gate Ranks Top 4 Exchange#
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A Bitcoin mining company linked to the Trump family plans to establish an office in Dubai.
Gate News bot reported that, according to Bloomberg, a Bitcoin mining company linked to the Trump family plans to establish an office in Dubai. Dubai is rapidly becoming an important hub for the Crypto Assets industry due to its favorable tax policies and friendly regulatory environment.
According to the filing by the Dubai International Financial Centre, Hut 8, headquartered in Miami, registered last week to prepare for this office. A company spokesperson confirmed that a team focused on trading and crypto assets accumulation strategies is being formed in Dubai. Hut 8 currently operates Bitcoin mining businesses in Texas, New York, and Alberta, Canada.
Hut 8 is participating in a new company called American Bitcoin, partially owned by Donald Trump Jr. and Eric Trump. The company is receiving a significant portion of Hut 8's Bitcoin mining equipment and plans to go public this year through a merger with another listed company. After the merger, Hut 8 will hold 80% of the new company's shares, and several executives will also join the board.
A spokesperson for Hut 8 stated that its new office in Dubai is unrelated to the partnership with American Bitcoin.