Hut 8 Moves to Dubai – Backed by Trump, Focused on Bitcoin

📍 In this article:

🔹 Hut 8 opens a Dubai office focused on accumulating and trading Bitcoin

🔹 Ties to the Trump family deepen through the American Bitcoin venture

🔹 Bitcoin takes the lead while altcoins vanish from the market

🔹 Dubai becomes a crypto hub with zero taxes and welcoming regulation

Bitcoin mining company Hut 8, long linked to Donald Trump's family, is making another major move: it’s establishing a new office in Dubai to focus solely on Bitcoin accumulation and trading, apart from its U.S. mining operations. With ongoing operations in Texas, New York, and Alberta, the company recently registered its expansion through the Dubai International Financial Centre. CEO Asher Genoot says this move will boost capital efficiency and take full advantage of Dubai’s tax-free corporate environment. At the same time, Hut 8 is part of the newly formed American Bitcoin, a crypto venture co-owned by Donald Trump Jr. and Eric Trump, which will absorb much of Hut 8’s mining hardware and aims to go public by late 2025. 🔹 Two strategic paths – Dubai will serve as a trading hub, while American Bitcoin focuses on U.S. market positioning. The company confirms these are separate projects, even though the Trump name is now tied to both sides of Hut 8’s global strategy.

Altcoins Collapse – Bitcoin Surges Ahead The year 2025 is reshaping the crypto landscape: Bitcoin dominance has climbed to 64%, while altcoins are bleeding out. More than $300 billion in altcoin market cap has evaporated this year alone. 📉 The MarketVector Index, tracking the lower half of the top 100 coins, has crashed nearly 50%. Former "next big thing" projects now sit idle as "ghost chains." Even Ethereum remains far below its all-time high.

Bitcoin at the Center of Institutional Inflows While altcoins lose relevance, Bitcoin is attracting major players:

🔹 Twenty One Capital, backed by Tether, SoftBank, and Cantor Fitzgerald, invested $4 billion in BTC

🔹 Trump Media has accumulated $2.3 billion in Bitcoin holdings

🔹 Amazon is reportedly exploring the idea of launching its own stablecoin Michael Saylor’s Bitcoin accumulation model has become the new corporate playbook.

Conclusion: Dubai + Bitcoin = The 2025 Power Combo Hut 8, the Trump family, and institutional whales are heading for Dubai. As altcoins vanish under tighter regulation, Bitcoin is emerging as the only digital asset that matters. Dubai, with its lax laws and zero tax, is turning into a global stronghold.

#Hut8 , #CryptoMining , #BTC , #TRUMP , #CryptoNews

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