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Trump-Linked Bitcoin Miner Nears Nasdaq Listing as Shareholders Vote
Key Developments
American Bitcoin Corp (ABTC) to list on Nasdaq via merger with Gryphon Digital Mining
Trump family stake: Eric Trump (CSO) and Donald Trump Jr. hold 20% through American Data Centers
Hut 8 maintains 80% control of the venture
$220M raised for $BTC mining and equipment acquisitions
Deal Details
🗳️ Shareholder Vote:
Gryphon (GRYP) investors voting on merger
Expected close: Early September 2025
💰 Ownership Structure:
Existing stakeholders (Trump family + Hut 8) to retain 98% of merged entity
Ticker: ABTC
📉 Market Reaction:
Gryphon shares down 3% pre-merger
Hut 8 (HUT) shares flat
Strategic Vision
⚡ Mining Focus:
Builds on Hut 8’s existing operations
Aims to accumulate long-term Bitcoin reserves
🇺🇸 Political Angle:
Strengthens Trump family’s crypto influence ahead of 2026 midterms
Aligns with Donald Trump’s pro-Bitcoin stance
Why This Matters
✅ Institutional validation: Another crypto miner joins public markets
⚠ Regulatory watch: Trump ties may draw SEC scrutiny
📈 Sector momentum: Follows Bitfarms, Riot’s recent Nasdaq listings
Posted: August 6, 2025 | Source: The Block
Bottom Line: The merger could create a politically connected mining powerhouse—if shareholders approve.
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