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The American Bitcoin mining company supported by the Trump family has announced a merger to go public with Gryphon Digital Mining.
According to the Gate.io News bot, Wu Shuo reports that the mining company American Bitcoin has reached a stock swap merger agreement with Gryphon Digital Mining. The newly merged company will be listed on NASDAQ under the stock code ABTC. The new company will retain the existing management team and board members, including Eric Trump.
The current equity structure of American Bitcoin is as follows: Hut 8 holds 80% of the shares, while the Trump family holds 20%. This merger transaction is expected to be completed in the third quarter of 2025.