Wu said that American Bitcoin, a mining company supported by the Trump family, will go public through a stock swap merger with Gryphon Digital Mining. The new company will trade on NASDAQ under the ticker ABTC and retain the existing management and board members, including Eric Trump. American Bitcoin is 80% owned by Hut 8, with the Trump family holding the remaining 20%. The deal is expected to be completed in the third quarter of 2025. Hut 8 will continue to serve as its exclusive infrastructure and operations partner.