MEGA-MINING FUSION!
Giant AMERICAN BITCOIN from HUT 8 and Trump goes to WALL STREET
American Bitcoin, a new company formed by the merger of the Bitcoin mining subsidiary Hut 8 Corp. and American Data Centers, a data firm led by #TRUMP , plans to go public through a definitive merger with Gryphon Digital Mining, Inc. It is expected that the entity will operate under the American Bitcoin brand and will be listed on Nasdaq with the symbol ABTC.
The transaction, which will be carried out through a stock exchange, is expected to close as early as the third quarter of 2025, subject to regulatory and shareholder approvals.
“This transaction marks the next step in the scalability of American Bitcoin as a vehicle specially designed for the accumulation of #bitcoin a at low cost on a large scale,” said Asher Genoot, CEO of Hut 8.
American Bitcoin was introduced in March of this year thanks to a strategic alliance between Hut 8 and American Data Centers, which has Eric Trump and Donald Trump Jr. as investors. Genoot had already announced plans to turn BTC mining, backed by Trump, into a public company on April 1.
