Trump-Linked Bitcoin Miner Plans Nasdaq Listing via Merger With Gryphon
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Shareholders of Gryphon Digital Mining have begun casting votes on a high-profile merger with American Bitcoin Corp., a crypto mining company with close ties to former President Donald Trump’s family.
If approved, the all-stock deal is expected to close in early September 2025, paving the way for a newly merged mining powerhouse.
The new entity will trade on the Nasdaq under the ticker ABTC.
Trump-Backed Mining Venture Gains Momentum
American Bitcoin Corp. was launched in March 2025 as a joint venture between publicly traded mining firm Hut 8 (NASDAQ: HUT) and members of the Trump family. The company is majority-owned by Hut 8 (80%), while the remaining 20% is held by American Data Centers, a group backed by Eric Trump and Donald Trump Jr.
The firm has already raised $220 million through a private share placement to fund Bitcoin acquisitions and mining infrastructure. Its strategic focus is to accumulate and hold Bitcoin reserves, positioning itself as both a mining operator and long-term asset holder.
Shareholder Approval Key to Public Listing
The merger plan involves Gryphon folding into American Bitcoin, with existing shareholders—including Eric Trump, Donald Trump Jr., and Hut 8—retaining approximately 98% ownership of the newly listed company.
Eric Trump currently serves as Chief Strategy Officer, further signaling the Trump family’s direct involvement in the venture’s long-term roadmap.
The outcome of the shareholder vote will determine whether the merger proceeds as planned, potentially establishing American Bitcoin as a major, Trump-affiliated player in the U.S. crypto mining landscape.
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