Trump-Linked Bitcoin Miner Expands To Dubai

Key Takeaways

• Hut 8 Corp., a prominent Bitcoin miner, is opening an office in Dubai to support global trading and capital strategies.

• Dubai’s favorable tax policies and regulatory approach continue to attract top crypto firms.

• Hut 8 maintains active mining operations across North America, including Texas, New York, and Alberta.

• The company is linked to American Bitcoin, partially owned by Donald Trump Jr. and Eric Trump, though the Dubai expansion is unrelated.

• Dubai aims to position itself as a global crypto hub, aligning with companies like Hut 8 seeking international growth.

Hut 8 Corp. Sets Sights On Dubai

Miami-based Hut 8 Corp., one of the leading names in the Bitcoin mining industry, recently registered its intent to establish a presence in the Dubai International Financial Centre (DIFC).

Hut 8’s Filing

Source: difc.com

A company spokesperson confirmed that Hut 8 is currently assembling a team in Dubai focused on Bitcoin trading and crypto-asset accumulation strategies.

Low Taxes & Pro-Business Environment

Why Dubai?

Dubai has actively cultivated a reputation as a global cryptocurrency hub, thanks in part to its favorable regulatory stance and relaxed taxation policies. Several designated free zones within Dubai allow companies to operate with 0% corporate tax, making it an attractive destination for blockchain and crypto enterprises.

According to Hut 8 CEO Asher Genoot, the new office will “enhance the precision and efficiency of Hut 8’s capital strategy.” The move is seen as a calculated effort to align with international growth opportunities and optimize financial operations in a jurisdiction that encourages crypto innovation.

Bitcoin Mining Across North America

Hut 8 is already an established Bitcoin miner, with robust operations across Texas, New York, and Alberta, Canada. The company had approximately 220 employees as of the end of 2024 and has steadily expanded its infrastructure to handle increasing mining difficulty and energy requirements.

Its data centers are built to maximize energy efficiency and take advantage of strategic partnerships for power supply and data hosting. The company’s recent focus on geographic diversification highlights its commitment to maintaining resilience in a fast-evolving industry.

A Trump Family Connection: American Bitcoin

Enter American Bitcoin

In a high-profile partnership, Hut 8 is involved with American Bitcoin, a newly formed entity partially owned by Donald Trump Jr. and Eric Trump. American Bitcoin is expected to absorb most of Hut 8’s mining infrastructure and is planning to go public this year through a merger with an existing listed company.

Under the terms of the deal:

• Hut 8 will retain 80% ownership of the combined company.

• Key executives, including CEO Asher Genoot, will join the new board of directors.

• American Bitcoin will continue operations independently from Hut 8’s Dubai expansion.

Dubai Office Remains Independent

Despite the Trump-linked partnership, Hut 8’s spokesperson clarified that the new Dubai office has no direct connection to American Bitcoin.

As such, the expansion into the UAE is strictly part of Hut 8’s international strategy and not related to the merger or ownership transitions occurring within the U.S.

FAQ

What is Hut 8 Corp.?

Hut 8 is a North American Bitcoin mining company with facilities in Texas, New York, and Canada. It is known for its large-scale mining infrastructure and strategic crypto investments.

Why is Hut 8 opening an office in Dubai?

Hut 8 is opening a Dubai office to enhance its capital strategy, access international markets, and leverage the UAE’s crypto-friendly tax and regulatory environment.

Is the Dubai expansion related to the Trump family?

No. While Hut 8 is involved in American Bitcoin, a company linked to Donald Trump Jr. and Eric Trump, the Dubai office is part of a separate expansion strategy.

What advantages does Dubai offer to Bitcoin miners?

Dubai provides low or zero corporate taxes in specific free zones, streamlined crypto regulations, and access to a growing network of blockchain and fintech investors.

Will Hut 8 continue operations in North America?

Yes. The company will maintain and potentially expand its Bitcoin mining operations in North America while exploring international opportunities like those in Dubai.