Hut 8, the North American Bitcoin mining firm tied to the Trump family, is opening an office in Dubai, signaling a strategic shift toward global expansion and capital efficiency.
The move comes as the Gulf city continues to lure digital asset firms with its relaxed tax policies and business-friendly environment.
The Miami-based company registered the new office last week with the Dubai International Financial Centre, one of the region’s key financial zones.
Bloomberg confirmed that the firm is actively building a team in the emirate, focused on digital asset trading and treasury management.
Dubai Office Part of Broader Global Pivot
CEO Asher Genoot said the new base would help “enhance the precision and efficiency of Hut 8’s capital strategy.”
The decision to expand into Dubai reflects a broader recalibration within the crypto industry, as firms seek regulatory certainty and access to global liquidity.
Hut 8 didn’t return Cryptonews’ request for comment by press time.
Dubai has emerged as a magnet for digital asset players by offering zero corporate taxes in its free zones and a light-touch regulatory regime. Its status as a financial and logistics hub has also made it an attractive destination for miners and crypto-native firms looking to operate across jurisdictions.
Hut 8 Eyes Liquidity Abroad Amid Shifting Crypto Regulation
Hut 8 already runs Bitcoin mining operations in Texas, New York and Alberta Canada. As of the end of 2024, the company had around 220 employees. While it remains a dominant miner in North America, the new outpost in the Middle East suggests a growing appetite to tap into global capital flows and optimize treasury strategies amid Bitcoin’s renewed bull run.
The company’s name has recently drawn attention due to its involvement with American Bitcoin Corp., a new venture backed in part by Donald Trump Jr. and Eric Trump.
That entity is set to go public later this year and will absorb most of Hut 8’s mining operations. Hut 8 will retain an 80% stake and leadership roles in the merged company, while the Trump-affiliated American Data Centers holds the remaining 20%.
Despite these ties, the Dubai office is reportedly not connected to the American Bitcoin venture. Instead, it marks a standalone initiative by Hut 8 to strengthen its presence in one of the world’s fastest-growing crypto hubs.
As digital asset regulation tightens in the US and parts of Europe, Dubai’s more accommodating stance is becoming a key draw.
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