Trump-linked American Bitcoin merges with Gryphon Digital Mining.

American Bitcoin, a company with ties to the Trump family, is merging with Gryphon to form a Bitcoin mining conglomerate.

Trump-affiliated American Bitcoin is expanding its mining operations. On Monday, May 12, Gryphon Digital Mining announced a definitive stock-for-stock merger agreement with American Bitcoin Corp, a subsidiary of Hut 8.

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American Bitcoin, a company with ties to the Trump family, is merging with Gryphon to form a Bitcoin mining conglomerate.

Trump-affiliated American Bitcoin is expanding its mining operations. On Monday, May 12, Gryphon Digital Mining announced a definitive stock-for-stock merger agreement with American Bitcoin Corp, a subsidiary of Hut 8.

Although Gryphon is technically the acquiring party, shareholders of American Bitcoin will own 98% of the new company’s shares.