By admin 
Bitcoin mining agency Gryphon Digital Mining has announced a definitive settlement to merge with American Bitcoin Corp. in a stock-for-stock transaction, forming a brand new public firm beneath the American Bitcoin identify. The deal is anticipated to shut by Q3 2025 and can end in Gryphon shareholders holding roughly 2% of the merged entity, with the remaining 98% owned by American Bitcoin stakeholders.
The mixed firm stated it goals to turn out to be probably the most environment friendly Bitcoin mining agency on this planet, bolstered by a strategic reserve technique and low-cost vitality infrastructure. Following the shut, the brand new firm is anticipated to commerce on Nasdaq beneath the ticker image “ABTC.”
“The Gryphon staff is happy to supply our stockholders the chance to take part in what we consider would be the subsequent period of public Bitcoin mining by means of this mixture,” stated Steve Gutterman, CEO of Gryphon. “American Bitcoin brings collectively an excellent management staff and a transparent technique to construct a premier establishment on this fast-evolving business.”
American Bitcoin was launched earlier this 12 months by Hut 8 Corp. (NASDAQ: HUT) in partnership with Eric Trump, positioning itself as a cornerstone of American Bitcoin infrastructure improvement. It focuses on large-scale mining and accumulating Bitcoin reserves at scale.
“Taking American Bitcoin public is a important step towards scaling the enterprise on the tempo and magnitude we envision,” stated Asher Genoot, Board Member of American Bitcoin and CEO of Hut 8. “Time-to-market was a important issue, and this transaction allows an environment friendly path to public markets by combining with an entity that’s structurally aligned with American Bitcoin’s mining-focused launch technique.”
The merger is contingent on numerous approvals, together with Gryphon stockholder consent, and the businesses count on the method to wrap by the third quarter of 2025.
“We’re excited to be part of the American Bitcoin story and to hitch Asher and the staff that we consider will outline the way forward for public Bitcoin funding,” added Gutterman.
As soon as finalized, the brand new firm will proceed leveraging Gryphon’s mining innovation alongside American Bitcoin’s capital and strategic reserve ambitions—positioning the mixed firm as a notable participant within the North American Bitcoin mining business.