
HUT 8, Bitcoin Mining Company in North America linked to the Trump family, opens an office in Dubai, indicating a strategic shift towards global expansion and capital efficiency.
The move comes at a time when the Gulf City continues to attract digital asset companies through its comfortable tax policies and a business friendly environment.
Miami -based company registered The new office last week with the Dubai International Financial Center, one of the main financial areas in the region.
Bloomberg He stressed that the company is actively building a team in the emirate, focusing on the trade of digital assets and the Treasury Management.
Dubai office is part of the wider global axis
ASHer Genot CEO said the new base will help “enhance the accuracy and efficiency of the capital strategy in HUT 8.”
Dubai’s expansion decision reflects a broader re -calibration in the encryption industry, as companies seek to be organizational certainty and reach global liquidity.
HUT 8 did not return the Cryptonews request to comment with the time of the press.
Dubai has emerged as a magnet for digital assets by providing taxes to companies in its free zones and a light -touch regulatory system. It also made its status as a financial center and logistical services an attractive destination for workers in the cryptocurrencies and original companies looking to work through the judicial states.
A 8 -eyes hut abroad amid the encryption organization
HUT 8 already run Bitcoin Mining in Texas, New York and Alberta Canada. As of the end of 2024, the company had about 220 employees. Although it is still a dominant mine in North America, the new outpost in the Middle East proposes an increased appetite to take advantage of global capital flows and improve treasury strategies amid the renewed Bitcoin race.
The company’s name recently drew attention due to its participation with American Bitcoin Corp. It is a new project supported by Donald Trump Junior and Eric Trump.
This entity is scheduled to be launched later this year and will absorb most of the HUT 8 mining operations.
Despite these relations, the Dubai office is said to be not connected to the American Bitcoin project. Instead, it represents an independent HUT 8 initiative to enhance its presence in one of the fastest encryption centers in the world.
With the tightening of the regulation of digital assets in the United States and parts of Europe, Dubai’s position has become the most major clouds.
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2025-07-01 10:16:00