Trump-Backed Bitcoin Miner Hut 8 Targets Dubai for Aggressive Crypto Expansion

Hut 8—the Bitcoin mining giant once championed by Donald Trump—just set its sights on Dubai's tax-friendly dunes. Because nothing screams 'crypto utopia' like desert heat and zero corporate taxes.

The move signals a strategic pivot toward energy-rich, regulation-light hubs as Western crypto ops face mounting scrutiny. Dubai's Virtual Assets Regulatory Authority (VARA) already greenlit Binance and Coinbase—now Hut 8 wants a slice of the sandbox.

Insiders whisper about leveraging excess natural gas flaring for mining ops. Because why waste perfectly good planetary destruction when you can mint digital coins with it?

One hedge fund manager quipped: 'They'll mine BTC until the oil runs out—then pivot to selling sand as NFTs.' The future's so bright (and so dystopian), they gotta wear shades.

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.”

A Trump family-linked bitcoin miner plans to set up an office in Dubai, a growing hub for the crypto industry known for its friendly approach to taxation and regulation. https://t.co/eIkKLP8yPu

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.