Eric Trump’s Bitcoin Mining Firm to Go Public

Introduction to American Bitcoin

American Bitcoin, a bitcoin mining company co-founded by Eric Trump, has announced that it is going to go public through a merger with Gryphon Digital Mining. This merger will end in the creation of a brand new company, also named American Bitcoin, which is anticipated to trade on the Nasdaq.

Key Points

• American Bitcoin will turn out to be a publicly-traded company through a merger with Gryphon Digital Mining.
• The recent company can be named American Bitcoin and can trade on the Nasdaq under the ticker symbol "ABTC".
• Eric Trump partnered with bitcoin miner Hut 8 to form American Bitcoin earlier this yr.

The Merger

The deal between American Bitcoin and Gryphon Digital Mining can be a stock-for-stock transaction, leading to the combined firm being named American Bitcoin and run by its current management and board. Shares of Gryphon skyrocketed 285% to $2.00 on the news of the merger. The recent company is anticipated to trade on the Nasdaq, providing investors with easy accessibility to the bitcoin market.

Eric Trump’s Vision

Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin, believes that bitcoin is "one of the crucial essential asset classes of our time". He stated that the firm’s vision is to create probably the most investable bitcoin accumulation platform available, and that the transaction can be "bringing us closer to offering every investor access to a purpose-built platform engineered for scale and long-term value creation".

Background

American Bitcoin was launched earlier this yr by Eric Trump and Hut 8, one other bitcoin miner. Hut 8 CEO and American Bitcoin board member Asher Genoot explained that "taking American Bitcoin public is a critical step toward scaling the business on the pace and magnitude we envision". Gryphon Digital Mining shares are up nearly 400% year-to-date, while Hut 8 shares jumped 10% on the news but remain 25% lower for 2025.

Conclusion

The merger between American Bitcoin and Gryphon Digital Mining is a big development within the bitcoin mining industry. With the brand new company expected to trade on the Nasdaq, investors may have easier access to the bitcoin market. Eric Trump’s vision for American Bitcoin is to create a platform that gives investors with a secure and reliable method to put money into bitcoin, which he believes is "one of the crucial essential asset classes of our time". As the bitcoin market continues to grow and evolve, American Bitcoin is well-positioned to play a significant role in its development.