American Bitcoin, a company co-founded by Eric Trump, has announced its merger with Gryphon Digital Mining. This merger is set to take place in the third quarter of 2025, allowing the company to go public and trade on Nasdaq.
This is reported by Business • Media
According to reports, the parent company Hut 8 will perform infrastructure and operational management functions for the combined company, which will retain the brand name American Bitcoin after the merger.
New Company Development Strategy
Hut 8 CEO Asher Genut commented on the deal, stating:
“This transaction is the next step in scaling American Bitcoin as a specialized tool for low-cost accumulation of Bitcoin in large volumes.”
As part of the agreement, all shares of American Bitcoin will be exchanged for shares of Gryphon, with 98% of the new company’s shares remaining with the current shareholders of American Bitcoin. Hut 8 will provide the infrastructure for mining and computing.
Eric Trump’s Role
Eric Trump, son of former U.S. President Donald Trump, is actively supporting the project. He expressed his pride in the team working on the project, saying:
“I am very proud of this project and the incredibly talented team of friends involved.”
American Bitcoin aims to become the “infrastructure backbone” for Bitcoin accumulation. The public status will allow the company to attract new investments without burdening Hut 8’s financial resources and strengthen its position in the competitive crypto asset market. In an official statement, it was noted:
“Bitcoin lacks clear leadership in the U.S. and ecosystem unity. This creates an opportunity for consolidation and leadership.”