On May 12, 2025, American Bitcoin announced a major merger with Gryphon Digital Mining, resulting in a significant 313% surge in Gryphon's stock price. This merger indicates ongoing consolidation in the Bitcoin mining sector, setting the stage for a public listing under the ticker "ABTC".
The combined entity aims to maximize Bitcoin's strategic reserves and operational efficiency, with American Bitcoin's management team leading the new organization.
Industry experts believe this merger will transform the Bitcoin mining landscape, consolidating resources and potentially impacting Bitcoin's price volatility.
Full story here: https://coincu.com/337239-american-bitcoin-gryphon-merge
