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

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.