ChainCatcher news, according to Jinshi reports, American Bitcoin, a Bitcoin mining company supported by two sons of President Trump, has locked in cryptocurrency and traditional investors, planning a full stock merger expected to begin trading on Nasdaq in early September. Hut 8 CEO Asher Genoot stated that the merger with Gryphon Digital Mining is about to be finalized, with Hut 8 holding 80% of American Bitcoin. The newly formed company will retain the name American Bitcoin and trade under the stock code ABTC.