Shareholders of Gryphon Digital Mining have begun voting on the merger plan with American Bitcoin Corp., a subsidiary of Hut 8.
After completion, American Bitcoin will be listed on Nasdaq with the ticker ABTC. The company features Eric Trump and Donald Trump Jr., and has raised 220 million USD to buy Bitcoin and mining equipment.
MAIN CONTENT
Shareholders of Gryphon Digital Mining are voting to merge with American Bitcoin Corp.
American Bitcoin will be listed on Nasdaq under the ticker ABTC.
American Bitcoin successfully raised 220 million USD to invest in Bitcoin and mining equipment.
What is Gryphon Digital Mining and what is its role in this deal?
Gryphon Digital Mining is an organization operating in the cryptocurrency mining sector. Currently, the shareholders of this company are voting to approve the merger proposal with American Bitcoin Corp., a subsidiary of Hut 8.
This decision is made to optimize resources and expand cryptocurrency mining operations, leveraging the reputation of being listed on Nasdaq. The merger also helps increase liquidity and capital accessibility for the company post-merger.
How does American Bitcoin Corp. operate and who are the main shareholders?
American Bitcoin Corp. 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.
The company has successfully raised 220 million USD from private placements to invest in Bitcoin and mining equipment, demonstrating a strong expansion strategy in the cryptocurrency mining industry.
American Bitcoin is a strategic move to expand influence and mining capacity in the cryptocurrency market, providing transparent investment opportunities through Nasdaq.
Eric Trump, Chief Strategy Officer, 2024
How will the share structure and leadership change post-merger?
Upon completion of the merger, current shareholders will retain about 98% of the shares of the new company, maintaining almost complete control.
Eric Trump will hold the position of Chief Strategy Officer (CSO), participating in guiding the future development of American Bitcoin, focusing on effective cryptocurrency mining and investment.
What does the Nasdaq listing mean for American Bitcoin?
Listing on Nasdaq with the ticker ABTC will help American Bitcoin access larger capital sources and increase credibility in the cryptocurrency mining industry.
This is also an important milestone for the company to scale up mining operations and enhance competitiveness in the international market, while attracting institutional and individual investors.
Frequently Asked Questions
How are Gryphon Digital Mining and American Bitcoin Corp. related?
Shareholders of Gryphon Digital Mining are voting to merge with American Bitcoin Corp., creating a stronger new company in the cryptocurrency mining industry.
Who are the prominent shareholders of American Bitcoin Corp.?
Hut 8 owns 80% of the shares, the Trump family contributes 20% through American Data Centers, with Eric Trump serving as Chief Strategy Officer.
How much capital has American Bitcoin raised for operations?
The company has raised 220 million USD from private placements to invest in Bitcoin and mining equipment.
What are the benefits of listing on Nasdaq?
It helps the company access large capital, increase credibility, and expand its international market in the cryptocurrency mining industry.
What role will Eric Trump play after the merger?
Eric Trump will take on the role of Chief Strategy Officer, directing the development and expansion of the new company's operations.
Source: https://tintucbitcoin.com/bitcoin-my-cua-trump-len-nasdaq/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
