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American Bitcoin, a Trump-affiliated miner, will go public through a merger with Gryphon Digital.
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Shareholders of American Bitcoin will control 98% of the merged firm.
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The new company will trade on Nasdaq under the ticker ABTC.
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Hut 8 remains the exclusive infrastructure partner.
Merger Structure and Market Debut
American Bitcoin, a subsidiary of Hut 8 and American Data Centers, is preparing to go public through a merger with Gryphon Digital Mining. The stock-for-stock deal is expected to close in Q3 2025, pending regulatory and shareholder approvals. The merged entity will be listed on Nasdaq under the ticker ABTC.
Leadership and Trump Ties
The company maintains close ties to the Trump family through American Data Centers, where Eric Trump and Donald Trump Jr. are investors. Leadership includes CEO Matt Prusak, Executive Chairman Mike Ho, and CSO Eric Trump. The board will also retain figures like Hut 8 CEO Asher Genoot and other notable tech entrepreneurs.
Strategic Objectives and Independence
The merger is positioned as a move to secure growth capital independent of Hut 8’s balance sheet. Hut 8 will remain the exclusive infrastructure provider. The firm aims to become a major low-cost Bitcoin accumulator through this restructuring.
