Merger Creates Nasdaq-Listed Bitcoin Entity
Gryphon Digital Mining shareholders have voted in favor of merging with American Bitcoin, a venture backed by Eric and Donald Trump Jr. The combined company will list on Nasdaq under ticker ABTC following a reverse stock split and regulatory approvals.
The merger calls for a 5-for-1 reverse split of Gryphon shares, reducing outstanding shares to meet Nasdaq listing standards without altering the firm’s market capitalization. The new entity will leverage Gryphon’s mining infrastructure combined with American Bitcoin’s strategic accumulation plan.
American Bitcoin, originally launched in March as a subsidiary of Hut 8, will allocate 80 % ownership to Hut 8 and 20 % to American Data Centers, the Trump family’s investment vehicle. Eric Trump will assume the role of Chief Strategy Officer, overseeing growth and reserve management.
This strategic consolidation aims to scale mining operations, enhance corporate governance, and increase institutional visibility. The merger aligns with broader industry consolidation trends and growing institutional participation in Bitcoin mining.
Post-merger, the company plans to expand its Bitcoin reserves, optimize mining efficiency, and explore new market opportunities, positioning ABTC as a leading publicly traded Bitcoin mining and treasury firm.
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