In a significant move for the cryptocurrency sector, the Trump family’s Bitcoin mining venture, American Bitcoin, is poised to go public. This development follows a merger agreement with Gryphon Digital Mining Inc., marking a new chapter for the company and the Trump brand in the crypto space.

Key Takeaways

• American Bitcoin, a subsidiary of Hut 8 Corp., is merging with Gryphon Digital Mining.
• The merger is expected to close in Q3 of 2025, pending regulatory and shareholder approval.
• Post-merger, American Bitcoin shareholders will own 98% of the new entity.
• The Trump family has actively invested in the company, enhancing its visibility and potential growth.
• The timing aligns with a recent surge in Bitcoin prices, suggesting a favorable market environment for the IPO.

The Merger Agreement

The merger between American Bitcoin and Gryphon Digital Mining is a stock-for-stock transaction that is anticipated to finalize in the third quarter of 2025. This strategic move is designed to bolster American Bitcoin’s position in the competitive cryptocurrency mining industry.

• Ownership Structure: After the merger, American Bitcoin shareholders will control 98% of the combined company, while Gryphon shareholders will retain 3% under the American Bitcoin brand.

Trump’s Influence on Cryptocurrency

Since his return to the political spotlight, former President Donald Trump has shown a keen interest in cryptocurrencies, fostering an environment that is increasingly favorable for crypto businesses. His administration is noted for being the first to adopt a pro-crypto stance, which has encouraged growth in the sector.

• Family Involvement: The Trump family, including Eric Trump and Donald Trump Jr., has made significant investments in American Bitcoin, further solidifying their commitment to the cryptocurrency market.

Future Prospects for American Bitcoin

The merger is expected to provide American Bitcoin with the necessary capital to scale operations and enhance its market presence. Hut 8 CEO Asher Genoot emphasized the importance of this transaction, stating it will unlock access to dedicated growth capital, which is crucial for the company’s expansion plans.

• Market Timing: With Bitcoin prices experiencing a recent surge, the timing of this public offering could not be better, positioning American Bitcoin to capitalize on the growing interest in cryptocurrency.

Conclusion

As American Bitcoin prepares to go public, the merger with Gryphon Digital Mining represents a pivotal moment for the company and the Trump brand in the cryptocurrency landscape. With strong family backing and a favorable market environment, American Bitcoin is set to make a significant impact in the industry, potentially reshaping the future of Bitcoin mining.