Trump family-backed American Bitcoin expanded its Bitcoin reserve to over 8,000 BTC ($512M) in Q2, producing a record 932 BTC. Despite a net loss of $57.2M and market headwinds, the company emphasizes its long-term accumulation strategy and infrastructure growth.
Bitcoin miner Hut 8 is investing $16 million to expand water capacity in West Feliciana Parish, Louisiana, for its River Bend AI data center campus. The investment includes a new well and water main, with assets to be transferred to the parish post-completion in late 2026.
The company also announced a new AI energy leasing deal as it continues to diversify into adjacent high-performance computing applications.
Hut 8’s second hyperscale AI campus lease deal covers the first phase of a sprawling Nueces County complex that was originally meant to fuel Bitcoin mining.
The Bitcoin miner said the FalconX facility lowers its fixed interest rate to 7% and releases about 3,300 BTC from collateral restrictions.
