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00:02American Bitcoin said it is positioning itself as an absolute accumulation machine
00:06for Bitcoin and credited HUT8 for its infrastructure and mining capabilities.
00:11In a post on X, the company shared a video showing its mining facilities,
00:15servers, wind-powered operations, and its chief strategy officer Eric Trump with HUT8 CEO Asher
00:21Janut. American Bitcoin said HUT8's infrastructure, discounted mining, and dollar-cost averaging
00:27are turning it into an absolute Bitcoin accumulation machine.
00:31American Bitcoin began trading on NASDAQ in September and holds 6,899 BTC worth $474 million
00:38as it builds a strategic reserve, ranking as the 16th largest corporate holder.
00:44The company also produces Bitcoin through in-house mining.
00:47Shares have fallen 87% since its debut as Bitcoin declined and its lockup expiration
00:53allowed early investors to sell shares.
00:55For all things money, visit Benzinga.com.
