Dominari Executing Expansion Strategy with Investment in Industrial Scale
Bitcoin Mining and Bitcoin Reserve Development
NEW YORK, March 31, 2025 /PRNewswire/ — Dominari Holdings Inc. (Nasdaq: DOMH) today announced that American Data Centers Inc. (“ADC”) and Hut 8 Corp, (“Hut”) partnered to form American Bitcoin Corporation. As previously announced, ADC was a wholly owned subsidiary of Dominari, but became an independent company, whose members include Donald J. Trump Jr., Eric Trump, Dominari and other industry professionals in the AI space. In partnership with Hut, American Bitcoin Corp., will focus on industrial-scale bitcoin mining and strategic bitcoin reserve development and monetization.
Key Terms of the Transaction with Hut
As set forth in Dominari’s Form 8-K filed on March 31, 2025, Dominari completed its first strategic initiative under the guidance and support of its Board of Advisors. The launch of American Bitcoin follows the strategic contribution of substantially all of Hut’s ASIC miners to American Data Centers, in exchange for a majority interest. In connection with the transaction, American Data Centers was subsequently renamed and relaunched as American Bitcoin. In addition, Hut and American Bitcoin also entered into definitive agreements providing for Hut and its personnel to provide day-to-day commercial and operational management services and ASIC colocation services to American Bitcoin. As a result of the transactions, all Bitcoin mining operations previously reported under Hut’s “Compute” segment as Bitcoin Mining, will now operate under the American Bitcoin brand. Dominari Board of Advisors member, Eric Trump, is the Co-Founder and Chief Strategy Officer of American Bitcoin.
American Bitcoin aims to become the world’s largest, most efficient pure-play bitcoin miner while building a robust strategic bitcoin reserve. The transaction combines Hut’s proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation, with Eric Trump’s commercial acumen, capital markets expertise, and commitment to positioning the United States as a global leader in the advancement of decentralized financial systems.
Impact on Dominari Shareholders
The transaction represents significant shareholder value creation for Dominari. In a relatively short period of time, Dominari management and members of our Board of Advisors, created substantial value for Dominari by securing an ownership interest in American Bitcoin. Through its interest in American Bitcoin, Dominari shareholders receive the value tied to the ownership of over One Hundred Million ($100,000,000.00) Dollars of revenue producing bitcoin mining machines. Those mining machines are being operated by one of the leading publicly traded bitcoin companies, now coupled with the wisdom and guidance of Mr. Eric Trump, who Dominari believes is one of the foremost thought leaders in crypto currencies.
Mr. Kyle Wool, President of Dominari Holdings, commented “We are grateful to our Board of Advisors who were materially involved in effectuating the transaction with Hut, often taking the lead in negotiations, secondary introductions, and legal support. On behalf of Dominari, we are grateful for the work of all our advisors on this deal and especially Mr. Eric Trump who led the negotiations on behalf of ADC. This transaction is a significant milestone in our strategic vision to evolve into a dynamic holding company by investing in emerging technologies that drive innovation and create long-term value for our shareholders. American Bitcoin leverages Hut’s world-class operational expertise to develop large-scale bitcoin mining operations and position American Bitcoin as an industry leader.”
Anthony Hayes, CEO of Dominari Holdings stated, “On a broader level for Dominari shareholders, this transaction represents substantive progress in Dominari’s effort to create shareholder value by incubating these unique and compelling opportunities in the ever-evolving American technology sector. We are using the resources of our wholly owned full-service broker dealer, Dominari Securities, to help structure these exciting opportunities to make them attractive to both the private and public markets. We are marrying the expertise of Dominari’s broker dealer, the investment bank, and the resources of the holding company to bring new technologies to market, that we then intend to share with our shareholders in the form of dividends.”
For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/
About Dominari Holdings Inc.
The Company is a holding company that, through its various…
Read More: Dominari Holdings Investment, American Data Centers, Becomes American Bitcoin in