#United States #Miami #Bitcoin Mining #American Bitcoin #Gryphon Digital

American Bitcoin Corp. Moves Toward Public Listing

American Bitcoin Corp. has marked a significant milestone in its journey to become a publicly traded company through a merger with Gryphon Digital Mining, a firm currently listed on Nasdaq as GRYP. This strategic move is expected to enhance American Bitcoin's ability to facilitate large-scale Bitcoin accumulation, positioning it to serve a growing market effectively.

The Merger Details

The merger is structured as a stock-for-stock transaction, wherein Gryphon will acquire American Bitcoin. Once the deal closes, the newly formed entity will operate under the American Bitcoin brand and is anticipated to be listed on Nasdaq with the ticker symbol "ABTC." This transition is seen as a crucial avenue for American Bitcoin to gain a foothold in public markets, providing investors easier access to a well-developed platform tailored for value and scalability.

Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin, emphasized the vision behind the merger, stating, "Our goal is to create the most investable Bitcoin accumulation platform. Today’s announcement brings us closer to that vision, offering every investor access to a purpose-built platform engineered for scale."

Asher Genoot, a board member and CEO of Hut 8, who partnered in launching American Bitcoin, also echoed the importance of this merger for business scalability and efficient growth aligned with American Bitcoin's mining strategies.

Future Prospects

American Bitcoin, established with a mission to become a dominant force in Bitcoin mining and reserve development, launched earlier in the year through a collaboration with Hut 8. The aim was to develop a large-scale mining operation that efficiently accumulates Bitcoin. By combining its innovative strategies with Gryphon's existing operations, American Bitcoin aims to create an ecosystem that promotes low-cost Bitcoin mining while ensuring a robust strategic reserve.

Key Transaction Terms

• - Nature of Transaction: 100% stock-for-stock merger.
• - Estimated Closing: The companies target to finalize the merger by Q3 2025.
• - Ownership After Merger: Current stakeholders of American Bitcoin are expected to hold about 98% of the merged company.
• - Management Structure: The combined entity will be managed by American Bitcoin’s current leadership, incorporating executives with expertise necessary for steering the company towards achieving its strategic objectives.

A Look at the Companies

American Bitcoin Corp. stands as a majority-owned subsidiary of Hut 8, focusing on industrial-scale operations in Bitcoin mining and development of a strategic Bitcoin reserve. Its collaboration with Eric Trump is notable due to his insights into capital markets and advocacy for decentralized finance.

Gryphon Digital Mining has established itself as a key player in Bitcoin mining, recognized for its innovative approaches.

For additional details on this transaction and its implications, stakeholders can find comprehensive information on American Bitcoin's website.

Closing Thoughts

As American Bitcoin prepares for this transformative merger, the move is expected to not only enhance its market visibility and operational capabilities but also position it favorably among investors looking for avenues into Bitcoin accumulation. The integration of these two innovative companies could signal a significant advancement in the cryptocurrency space, poised for growth and efficiency.

For more updates, visit American Bitcoin's website and follow on X at @AmericanBTC.