The Trump family-affiliated mining company American Bitcoin will be listed on NASDAQ

According to Ha Shi Lian news, shareholders of Gryphon Digital Mining have begun voting on the merger plan with Hut 8's subsidiary American Bitcoin Corp. After the merger, American Bitcoin will be listed on NASDAQ under the ticker 'ABTC'. The company was co-founded by Eric Trump and Donald Trump Jr., with Hut 8 holding 80% of the shares and the Trump family owning about 20% through American Data Centers. American Bitcoin has raised $220 million through private financing to purchase Bitcoin and mining machines. After the merger, existing shareholders will retain about 98% of the new company's shares, and Eric Trump will serve as Chief Strategy Officer.