American Bitcoin to Go Public Through Merger with Gryphon Digital

Trump-affiliated Bitcoin mining firm, American Bitcoin, plans to go public via a merger with Gryphon Digital Mining, Inc.

The deal, structured as a stock-for-stock transaction, will see Gryphon purchase the corporate and function beneath the American Bitcoin model as soon as closed.

Merger Particulars

Based on a Might 12 press release, the newly mixed entity might be led by American Bitcoin’s present board of administrators and administration group. This consists of key figures equivalent to Mike Ho, Asher Genoot, Justin Mateen, Michael Broukhim, Matt Prusak, and Eric Trump.

As soon as the merger is sealed, American Bitcoin’s present shareholders are anticipated to carry round 98% of the brand new entity, whereas Gryphon holders will personal roughly 2%. Hut 8 may also stay the bulk proprietor of the full shares.

The brand new firm plans to record on the Nasdaq beneath the ticker image “ABTC,” with the deal anticipated to shut as early because the third quarter of 2025.

Hut 8 will proceed to play a serious function after the merger, serving as American Bitcoin’s unique infrastructure and operations accomplice. The businesses have outlined long-term industrial agreements which might be anticipated to offer secure, contracted income streams for the previous’s energy and digital infrastructure divisions.

“This transaction marks the subsequent step in scaling American Bitcoin as a purpose-built car for low-cost Bitcoin accumulation at scale,” stated Asher Genoot, CEO of Hut 8.

He defined that by taking American Bitcoin public, the corporate goals to realize direct entry to devoted progress capital with out counting on Hut 8’s steadiness sheet. The purpose can also be to keep up long-term publicity to potential Bitcoin good points for its shareholders.

Trump-Backed American Bitcoin

American Bitcoin was launched in March 2025 via a strategic partnership between Hut 8 and American Information Facilities. The concept was to construct the world’s largest, best pure-play BTC miner and a strategic Bitcoin reserve.

The enterprise is backed by Hut 8’s infrastructure and trade experience, with every day operations managed beneath a shared companies settlement. Quickly after the launch, American Information Facilities was rebranded as American Bitcoin, with Eric Trump stepping in as co-founder and Chief Technique Officer.

This newest improvement provides to the Trump household’s rising portfolio within the crypto trade. Along with the mining firm, they’re concerned within the World Liberty Monetary (WLF) DeFi venture, which not too long ago announced that its USD1 stablecoin would be the settlement foreign money for a $2 billion funding by Abu Dhabi-based MGX into Binance.

The household’s media firm, Trump Media, additionally has a deal with Crypto.com to create ETFs, whereas the President and the First Woman have launched their very own meme cash, Official Trump (TRUMP) and Melania Meme (MELANIA).