American Bitcoin, a company based in the United States, has announced the completion of its merger with Gryphon Digital Mining, paving the way for its debut on the Nasdaq stock exchange as early as September.
This is reported by Business • Media
Merger Strategy and Ownership Structure
The plan to go public is being executed through a merger, which is currently in its final stages. According to Hut 8 CEO Asher Genut, merging with a company that already has access to various funding sources significantly enhances capital-raising efficiency.
“Instead of going public directly through an IPO [initial public offering], we believed there are far more advantages in financing by merging with a company that already has access to various capital sources,” Genut said in an interview with Reuters during the Bitcoin Asia conference in Hong Kong.
The company was established in March 2025 by Hut 8 in collaboration with Eric Trump and Donald Trump Jr. After the merger, American Bitcoin will retain its name and receive the stock ticker ABTC. The primary control of the company will belong to Hut 8, Eric Trump, and Donald Trump Jr., who will own 98% of the shares. The investor group also includes Gemini cryptocurrency exchange co-founders Tyler and Cameron Winklevoss, who supported the launch of the structure.
Development Plans and Business Strategies
American Bitcoin positions itself as a future market leader in environmentally friendly and efficient Bitcoin mining. The company plans to accumulate cryptocurrency through both mining and purchasing, choosing the most profitable model depending on market conditions. In May, the company had already announced plans to merge with Gryphon Digital Mining, and in August it became known that American Bitcoin is considering acquiring companies in Japan and Hong Kong to create a global infrastructure and expand its international business.
Importantly, the company’s activities are not linked to government structures, and Eric Trump, as stated by management, is focused on developing strategies in mining, launching new projects, and financial policy.
“Instead of focusing solely on the treasury model or exclusively on mining […] we alternate to see what provides the best return at different times,” Genut explained.