American Bitcoin and Gryphon Digital Mining, a Nasdaq-Listed Company, Agree to Merge, Aiming for the Largest and Most Efficient Pure-Play Bitcoin Mining Operation with a Significant Bitcoin Reserve
The merger is anticipated to finalize in the third quarter of this year. Following completion, the unified company will operate under the American Bitcoin name, with the current management team and board of directors of American Bitcoin at the helm. The company expects to be listed on Nasdaq under the ticker symbol “ABTC.”
American Bitcoin was established earlier this year in collaboration with Eric Trump, who will continue to serve as an advisor and chief strategy officer. The company’s primary objective is to become the world’s leading and most efficient dedicated Bitcoin mining firm, complemented by a substantial strategic reserve of Bitcoin. American Bitcoin is strategically designed to facilitate the accumulation of Bitcoin on a large scale through cost-effective mining operations and other supporting strategies.
“As one of the first investors in American Bitcoin, we are thrilled to support its progress toward becoming a leading force in the public markets,” commented Kyle Wool, President of Dominari Holdings Inc. “This merger is a pivotal event not only for American Bitcoin but also for Dominari. American Bitcoin originated as a joint venture between American Data Centers, an independent enterprise we recently established, and Hut 8. From the very beginning, we recognized its significant potential in the digital asset mining industry. The union of American Bitcoin and Gryphon Digital Mining validates this vision and reinforces the strength of our overall business strategy. We are confident that the combined entity is uniquely positioned to benefit from positive trends in Bitcoin mining and digital infrastructure, and we are excited to continue our support as a strategic partner. This represents significant value creation for Dominari shareholders.”
Details about the definitive merger agreement can be found at https://www.globenewswire.com/news-release/2025/05/12/3078943/0/en/Hut-8-Subsidiary-American-Bitcoin-Announces-Go-Public-Transaction.html.
To learn more about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/
About Dominari Holdings Inc.
Dominari Holdings Inc. functions as a holding company with interests, through its subsidiaries, in wealth management, investment banking, sales and trading, and asset management. Beyond capital investment, Dominari provides managerial support to its subsidiaries’ leadership, improving operational efficiency and reducing expenses through a streamlined organizational structure. Furthermore, in pursuit of enhancing shareholder value, the Company actively seeks opportunities outside its core business operations, including potential ventures within the AI and Data Center sectors.
Dominari Securities LLC’s Mission:
Dominari Securities LLC, a core subsidiary of Dominari Holdings Inc., operates as a progressive and dynamic financial services organization. Its mission is to generate wealth for all stakeholders by strategically leveraging emerging trends within the financial services industry and identifying promising early-stage opportunities projected to deliver substantial returns for investors.
Securities Brokerage and Registered Investment Adviser Services are offered by Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Please note that securities brokerage, investment adviser, and other non-bank deposit investments are not FDIC insured and are subject to potential loss of principal. You can investigate Dominari Securities and its registered investment professionals, as well as review its SEC Form CRS, through FINRA’s BrokerCheck website at https://brokercheck.finra.org. Information pertaining to Dominari Securities LLC, its registered investment professionals, and its SEC Form CRS can also be accessed on the FINRA BrokerCheck platform.
Forward-Looking Statements
This communication contains predictions and projections that constitute “forward-looking statements” as defined within the meaning of the Private Securities Litigation Reform Act of 1995’s safe harbor provisions. Indications such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend,” or similar phrasing, or pronouncements concerning intentions, beliefs, or current expectations, represent forward-looking statements. While the Company considers these forward-looking statements to be grounded in reason, it is crucial not to place undue reliance on them, as they are based on the information accessible to us as of the current date. These statements are predicated on present estimations and assumptions, exposing them to a range of risks and uncertainties, including but not limited to those detailed within the Company’s submissions to the SEC, encompassing the Risk Factors outlined in the Company’s Annual Report on Form 10-K for the fiscal year concluded on December 31, 2022, pertaining to its business operations. Consequently, actual outcomes could diverge substantially. The Company explicitly disclaims any responsibility to revise or amend these statements, whether due to new information, future occurrences, or other influences, except where mandated by law.
Contacts:
Dominari Holdings Inc.
https://www.dominariholdings.com/
Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/dominari-holdings-strategic-interest-in-bitcoin-mining-set-to-go-public-302453353.html
SOURCE Dominari Holdings Inc.