Friends who are focused on the crypto circle and US stocks should note — Bitcoin miner 'American Bitcoin', backed by Donald Trump's two sons, is about to land on Nasdaq through a merger! Trading will officially begin in September, and behind this is not only the deep involvement of the giant Hut 8 but also a remarkable concentration of equity, and there are even significant global investment moves hidden behind it. Today, we will dissect the key information!
1. Merger confirmed: Hut 8 + Gryphon Digital Mining, see you on Nasdaq in September.
According to Hut 8 CEO Asher Genoot's latest statement, the merger with Gryphon Digital Mining is nearing completion, and it will officially be listed on Nasdaq in September, operating under the unified name 'American Bitcoin'.
It is important to note that this is not a collaboration between two small companies — Hut 8 itself is a well-established crypto mining company in North America, while Gryphon Digital Mining is a new player focused on Bitcoin mining. After the merger, 'American Bitcoin' will directly hold mature mining resources and a listing channel, starting from a much higher point than many new miners.
2. Major equity exposure: Hut 8 holds 80% of the shares, sharing 98% of the decision-making power with Trump's son.
The most noteworthy aspect is the equity structure! The original text mentioned 'Hut 8 is the largest investor, holding 80% of the shares', which is just the tip of the iceberg — after the merger, Hut 8 will jointly hold 98% of the shares in the new company with Trump's two sons!
What does this mean? It means that the decision-making power of 'American Bitcoin' is almost firmly controlled by these two parties, with ordinary shareholders holding less than 2%. Although there are currently no reports showing that Donald Trump is directly involved in the company's operations, the deep involvement of his two sons has clearly signaled the Trump family's investment interest in the crypto industry, marking another significant move for the family in this field following previous Trump-related crypto activities.
(To correct a previous error: the original text stated 'the stock code is the African Trade Commission', which is incorrect. Currently, the specific Nasdaq stock code for 'American Bitcoin' has not been disclosed, but it is expected to be officially announced before the September listing. Subsequent regulatory announcements can be closely monitored.)
3. Why not do a traditional IPO? Genoot revealed the key point in Hong Kong.
Many people are curious: since they can go for an IPO, why choose to merge? Asher Genoot directly clarified at the Bitcoin Asia conference in Hong Kong: 'Collaborating with existing companies that have established financing channels is more efficient than starting an IPO from scratch — it saves time and allows for the quick implementation of business using the other party's resources.'
Coincidentally, Trump's son Eric Trump also arrived in Hong Kong around the same time and plans to travel to Tokyo this weekend to participate in Metaplanet's event — the executive's schedule aligns perfectly with the company's 'global layout' rhythm, confirming previous rumors about 'American Bitcoin seeking investment in Asia'.
4. Global shopping! Seeking investments in Hong Kong and Japan, aiming to enable ordinary people to buy 'Bitcoin assets'.
Genoot clearly stated at the Hong Kong conference: 'The new company is willing to invest in businesses outside of the US, with the core goal of allowing more people to buy 'publicly listed Bitcoin-related assets'.
Simply put, 'American Bitcoin' does not want to only be a domestic miner — they want to seek cooperation and buy assets in active crypto markets like Hong Kong and Japan. Essentially, they aim to lower the investment threshold for ordinary people in Bitcoin-related businesses through the identity of a listed company (after all, directly buying Bitcoin comes with regulatory and threshold challenges, while buying shares of a listed company is more convenient). However, Genoot also emphasized that everything is still in planning, and specific investment targets have not yet been finalized, belonging to a 'wait and see' phase.
5. Hut 8's 'turnaround': divesting mining, betting on energy and data centers.
It is noteworthy that this merger is also Hut 8's 'strategic split' — after collaborating with Trump's son to launch 'American Bitcoin', Hut 8 has completely abandoned mining operations, focusing instead on 'energy infrastructure + data centers'.
Why this choice? It's actually not hard to understand: mining operations are heavily influenced by Bitcoin price fluctuations, while energy infrastructure and data centers are the 'essential needs' of the crypto industry (mines need electricity, blockchains require data storage). Hut 8 is essentially shifting from 'relying on market conditions' to 'relying on industry infrastructure for stable profits', finding a more solid path.
6. What does it mean for the Trump family and the crypto circle?
For the Trump family, this is a 'deepening of their crypto layout' — from previously scattered crypto-related activities to now directly participating in a listed company (with a very high shareholding ratio), it amounts to transforming 'crypto investment' from 'personal interest' to 'family business', which may also attract more American conservatives to pay attention to the crypto industry.
For the crypto community, the landing of 'American Bitcoin' on Nasdaq is a 'signal-level event': on one hand, the entry of traditional capital (like Hut 8) and celebrity influence (the Trump family) will make the crypto industry more mainstream; on the other hand, the high concentration of equity (98% held by a few individuals) may also bring 'manipulation risks', and ordinary investors should be more vigilant.
(To provide some background: previously, an official in Hong Kong withdrew from a Bitcoin conference chaired by Eric Trump, which sparked discussions about 'uncertain regulatory attitudes'. Now, 'American Bitcoin' is still insisting on seeking investment in Hong Kong, showing their emphasis on the Asian market.)
Finally, let me ask: will you pay attention to this 'Trump-affiliated crypto stock'?
After being listed on Nasdaq in September, 'American Bitcoin' will likely welcome a wave of popularity — after all, there is the topic of the Trump family, which hits the dual windfall of 'Bitcoin + US stocks'. But the risks are also very clear: Bitcoin price fluctuations will directly affect company performance, and with equity too concentrated, stock prices may be easily influenced by a few individuals.
Do you think this is a new opportunity for crypto investment, or a 'trap under the celebrity effect'? Share your thoughts in the comments!
