Trump-affiliated mining firm American Bitcoin to go public via merger with Gryphon Digital
Powered by @unfolded- American Bitcoin, a subsidiary of Hut 8 Corp. and Trump-led American Data Centers, plans to go public through a merger with Gryphon Digital Mining, with the deal expected to close by Q3 2025 pending approvals.
- Post-merger, American Bitcoin shareholders will own approximately 98% of the new entity, which will operate under the American Bitcoin brand and trade on Nasdaq as ABTC.
- Hut 8 CEO Asher Genoot stated that the merger will provide access to growth capital while maintaining long-term Bitcoin exposure for shareholders, contributing to the firm's goal of low-cost Bitcoin accumulation.
- The leadership team at American Bitcoin will remain unchanged, with key figures including Mike Ho, Matt Prusak, and Eric Trump continuing in their roles.