Trump Family-Linked Bitcoin Miner Raises Holdings Post Debut (1)

American Bitcoin Corp., a crypto-mining company tied to the sons of US President Donald Trump, increased its holdings of the original cryptocurrency in the third-quarter with additional purchases while expanding operations.

Both Eric Trump and Donald Trump Jr. both hold stakes in the company. Hut 8 Corp., its former parent, spun off the mining unit and started its pivot to building infrastructure for artificial intelligence applications earlier this year. The transaction had triggered allegations of conflicts of interest from critics when shares of the venture surged after the agreement was announced. The Trumps have said there are no conflicts.

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