American Bitcoin, Gryphon Digital Mining Near Stock-For-Stock Merger, Nasdaq Listing Expected Q3 2025

American Bitcoin Corp., a subsidiary of Hut 8 Mining, and Gryphon Digital Mining are moving forward with a stock-for-stock merger expected to close by Q3 2025, resulting in a Nasdaq-listed company under the ticker "ABTC." The merger aims to create a vertically integrated Bitcoin mining leader controlling nearly 4 exahash per second of hashing power, combining Hut 8's operational scale and low-cost energy expertise with Gryphon's existing infrastructure and public market presence. Eric Trump, co-founder and chief strategy officer of American Bitcoin, brings valuable capital markets and political connections to potentially enhance institutional investment and regulatory engagement. Gryphon will acquire American Bitcoin, with the combined entity led by American Bitcoin's management team, focusing on industrial-scale mining and strategic Bitcoin reserve development. Although Gryphon's stock has faced volatility and margin pressures, the merger has generated investor optimism, with Gryphon's stock price rising post-announcement. The transaction remains subject to regulatory approvals and shareholder consent, with detailed filings submitted to the SEC outlining the terms and expected benefits of the business combination.