Hut 8 announces that its subsidiary has obtained Dubai DIFC license and plans to explore the derivatives market

Odaily News Nasdaq-listed BTC mining company Hut 8 announced that its subsidiary Hut 8 Investment Ltd has obtained a business license from the Dubai International Financial Center (DIFC), authorizing it to carry out business activities such as self-operated investment under the legal and regulatory framework of DIFC based on international standards and common law principles, including direct access to global derivatives markets, access to institutional-grade products and counterparties. It is reported that Hut 8 is the major shareholder of American Bitcoin, a cryptocurrency company supported by Eric Trump, son of US President Trump, and has previously transferred its mining equipment to American Bitcoin in exchange for 80% of its equity. (Globenewwire)