The post Why Is Trump-Linked Bitcoin Mining Firm Moving to Dubai? appeared first on Coinpedia Fintech News
Hut 8, one of North America’s top Bitcoin mining firms, is making a big move and it’s headed straight to Dubai.
The company, recently in the spotlight for its ties to Donald Trump Jr. and Eric Trump, has just registered a new office in the heart of Dubai’s financial district.
This is a sign of where the crypto world is going next – toward global hubs with fewer restrictions and more room to grow.
Interesting trend to follow – read on!
Hut 8 Heads to the Gulf
Hut 8’s new base is set up inside the Dubai International Financial Centre (DIFC), one of the region’s key zones for finance and digital assets.
The Dubai team will focus on digital asset trading and treasury management, according to Bloomberg, which confirmed the company is actively hiring in the region.
CEO Asher Genoot says the move will help “enhance the precision and efficiency of Hut 8’s capital strategy.”
It’s a clear shift for the mining giant, which already operates sites across Texas, New York, and Canada. Now, it’s looking outward toward markets with deeper liquidity and fewer regulatory roadblocks.
Dubai’s Crypto Appeal Keeps Growing
Dubai’s rise as a crypto destination isn’t new.
The city offers zero corporate tax in its free zones, a friendly regulatory environment, and a reputation as a growing financial hub. It’s becoming the go-to spot for crypto firms trying to stay ahead while the U.S. and Europe clamp down.
Hut 8’s expansion fits into that trend. The company is clearly looking to diversify its footprint and stay competitive as the market shifts.
The Trump Connection
Hut 8’s name has been making headlines lately due to its link with American Bitcoin Corp., a mining venture backed in part by Donald Trump Jr. and Eric Trump. That venture is set to go public later this year and will take over most of Hut 8’s mining operations.
Hut 8 will keep an 80% stake and leadership control, while American Data Centers, which is tied to the Trump family, will hold the remaining 20%.
Still, this Dubai expansion is a separate initiative, not part of the Trump-backed venture. It’s Hut 8’s own move.
A Bigger Shift in Motion
The story extends beyond Hut 8.
It’s part of a larger move we’re seeing across the crypto space: firms are looking for regulatory clarity, global liquidity, and places where they can actually operate without constant friction.
For now, that place is Dubai. When will USA step up in a huge way?