CoinVoice has learned that, according to The Miner, Gryphon Digital Mining (NASDAQ: GRYP) shares rose 11% in pre-market trading on Thursday, following a Reuters report that its all-stock merger deal with American Bitcoin, supported by Trump's eldest son, has been approved by shareholders and is expected to be completed in the coming weeks.
After the merger is completed, the new company will retain the name American Bitcoin, primarily controlled by Hut 8 and the Trump brothers, who will jointly hold about 98% of the shares. The new company plans to start trading under the ticker 'ABTC' in early September.
According to reports, Gemini co-founders Tyler and Cameron Winklevoss are among the main investors in this deal. American Bitcoin CEO Asher Genot stated that the investor team has been finalized.
Recently, it has been learned that the Bitcoin mining company Gryphon Digital Mining is going public through a reverse merger with the data management company Sphere 3D, which is listed on Nasdaq. [Original link]
