2 days ago 1

J Capital Research doubts American Data Centers will be good bet for investors

TipRanks

Thu, Apr 17, 2025, 7:50 AM 1 min read

J Capital Research says that “American Data Centers, after a one-month stint as a joint venture between bush league broker Dominari Holdings and Eric and Donald Trump Jr., is now becoming a bitcoin miner and hoping for a Nasdaq IPO. ADC is doing this in tandem with a public company that already failed at mining. We strongly doubt that either ADC, in its shape shift to miner, or its public sponsor will be a good bet for investors.” J Capital points out that American Bitcoin miners are co-located at Hut 8 sites, with Hut 9 serving as its exclusive infrastructure and operations partner under long-term agreements. The Fly notes that late last month, Dominari Holdings (DOMH) had announced that American Data Centers and Hut 8 (HUT) partnered to form American Bitcoin Corporation. ADC was a wholly owned subsidiary of Dominari, but became an independent company, whose members included Donald J. Trump Jr., Eric Trump, Dominari and other industry professionals in the AI space.

Discover outperforming stocks and invest smarter with Top Smart Score Stocks.
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>