【Gryphon's stock price rises 11% due to news of 'American Bitcoin' merger approval】 Golden Finance reports that Gryphon Digital Mining (NASDAQ: GRYP) saw its stock price rise 11% in pre-market trading on Thursday, following a Reuters report that the company's all-stock merger with American Bitcoin is expected to be completed in the coming weeks. According to Reuters, shareholders have approved the deal, and post-merger, Gryphon will combine with American Bitcoin. American Bitcoin is a mining company co-founded earlier this year by Hut 8 along with Donald Trump Jr. and Eric Trump. The new company will retain the name American Bitcoin and will primarily be controlled by Hut 8 and the Trump brothers, who will together hold approximately 98% of the shares. The new stock ticker 'ABTC' is expected to begin trading in early September.

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