Key Takeaways
- American Bitcoin goes public by way of a reverse merger with Gryphon.
- Eric Trump and Donald Trump Jr. launched the corporate with Hut 8 in March 2025.
- Gryphon shareholders will personal simply 2% of the merged firm.
American Bitcoin, a mining agency launched by Donald Trump Jr. and Eric Trump, will go public by way of a reverse merger with Gryphon Digital Mining.
This technique bypasses the longer and extra advanced IPO course of, permitting American Bitcoin to take over Gryphon’s Nasdaq itemizing and start buying and selling below the ticker image ABTC as early as Q3 2025.
Merger construction & shareholder influence
The deal is structured as a stock-for-stock transaction.
As soon as accomplished, shareholders of American Bitcoin—together with Hut 8, which owns 80% of the corporate—will management about 98% of the brand new entity.
Gryphon shareholders, regardless of facilitating the merger, will retain solely 2% and haven’t any board illustration or function in administration.
Management & strategic imaginative and prescient
Eric Trump, who will function Co-Founder and Chief Technique Officer, stated:
Our imaginative and prescient for American Bitcoin is to create probably the most investable Bitcoin accumulation platform available in the market.
Strategic advantages for Hut 8
The merger can also be a strategic transfer for Hut 8.
CEO Asher Genoot famous that this setup offers American Bitcoin entry to public progress capital with out burdening Hut 8’s stability sheet.
Hut 8, which at present manages over 1,000 megawatts of power capability, will deal with mining operations.
Market response & business challenges
Following the announcement, Gryphon’s shares surged greater than 280%, whereas Hut 8 noticed an 11% achieve.
Nevertheless, skepticism stays round Gryphon’s contribution past offering the itemizing.
In the meantime, the mining sector faces growing strain from rising prices and shrinking margins—Hut 8 lately reported a 58% income drop and $134 million web loss for Q1 2025.