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- American Bitcoin merges with Gryphon, aiming to dominate U.S. Bitcoin mining by 2025.
- Gryphon holds just a 2% stake, with American Bitcoin leading the merged company.
- Post-merger, American Bitcoin plans a Nasdaq listing under ABTC by Q3 2025.
American Bitcoin, noted for its ties to the Trump family, joined forces with Gryphon Digital Mining to form a partnership that could alter the Bitcoin mining industry. On May 12, 2025, the companies announced they would merge to create a leading presence in BTC mining within the United States. The merger underscores how the Trump family’s involvement is expanding in the digital currency.
Gryphon is officially the acquiring entity, but American Bitcoin’s shareholders will end up with 98% interest in the merged company. Gryphon only maintains a 2% stake in the merged company, clearly indicating American Bitcoin’s leading position. This new company, adopting the American Bitcoin brand, foreshadows a fresh era for the business and formalizes its presence in mining activities.
Following the merger, Mike Ho will continue his role as CEO for American Bitcoin. Matt Prusak and Eric Trump have vital functions to fill in the new corporation. The new board of directors will consist of essential members from American Bitcoin, namely Ho, Asher Genoot, Justin Mateen, and Michael Broukhim. This sustained leadership is expected to support the company’s strategy as it seeks to become the leading BTC mining operation.
American Bitcoin’s Formation
The agreement to merge is expected to be settled by the third quarter of 2025. After completion of the merger, the new company intends to list its shares on the Nasdaq with the ABTC ticker symbol. This strategic move will help the company draw investment and reinforce its standing in the cryptocurrency market. This aim reflects BTC commitment to considerable growth within the BTC mining business.
However, the company American Bitcoin was initiated in March 2025, with Hut 8 Mining partnering with Eric Trump and Donald Trump Jr. American Bitcoin received 61,000 mining rigs and 11 U.S.-based data centers from Hut 8 in exchange for 80% ownership. The last 20% was given to Eric Trump and Donald Trump Jr. to manage collectively with their ongoing cryptocurrency projects.
There has been considerable conflict regarding the Trump family’s involvement in crypto. Political rivals have criticized possible conflicts of interest, especially in light of the Trump administration’s role in setting cryptocurrency regulations. Although there are ongoing concerns, the Trump family is actively increasing its involvement in the crypto industry. Aiming for American BTC continued growth.
