Gryphon Digital Mining’s investors are currently voting on a significant merger proposal with American Bitcoin Corp., a cryptocurrency mining business associated with the family of former President Donald Trump.
If the all-stock transaction secures approval, it is anticipated to finalize around the start of September in 2025, potentially creating a powerful combined mining venture.
The merged entity will be listed on the Nasdaq exchange under the stock ticker ABTC.
Trump-Linked Crypto Mining Firm Seeks Public Listing
American Bitcoin Corp. commenced operations in March of 2025 as a collaborative project between Hut 8 (NASDAQ: HUT), a publicly traded mining enterprise, and individuals within the Trump family. Hut 8 holds the majority share (80%) of the company, while American Data Centers, an investment group with ties to Eric Trump and Donald Trump Jr., owns the remaining 20%.
The firm has already secured $220 million through a private share offering, intended for financing Bitcoin acquisitions and building out mining facilities. The company’s core strategy revolves around accumulating and retaining Bitcoin reserves, acting as both a mining operation and a long-term Bitcoin asset holder.
Shareholder Vote Crucial for Nasdaq Debut
The proposed merger entails Gryphon being integrated into American Bitcoin. Current stockholders – including Eric Trump, Donald Trump Jr., and Hut 8 – would collectively maintain around 98% ownership of the newly publicly traded company.
Eric Trump’s position as Chief Strategy Officer further highlights the Trump family’s active involvement in shaping the company’s strategic direction.
The shareholder vote’s outcome is critical. A successful vote will facilitate the merger, potentially establishing American Bitcoin as a significant participant in the U.S. cryptocurrency mining sector, bolstered by its Trump family connections.
