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- Gryphon stockholders approved the merger with American Bitcoin.
- A 5-for-1 reverse stock split will take effect on September 2, 2025.
- The merged company will trade as “ABTC” under the American Bitcoin brand.
Gryphon Digital Mining, Inc. has taken a significant step in reshaping its future. At a special meeting on August 27, 2025, its stockholders approved the planned stock-for-stock merger with American Bitcoin. The decision marks a major shift for the company as it transitions under the American Bitcoin brand.
The Board of Directors supported the move, which will also bring structural changes to the company’s stock. To align with Nasdaq’s requirements, Gryphon will implement a reverse stock split before the transaction closes.
The company confirmed a 5-for-1 reverse stock split. This adjustment will reduce Gryphon’s outstanding shares from roughly 82.8 million to around 16.6 million. The split ensures compliance with Nasdaq’s minimum bid price rule.
American Bitcoin Emerges From Gryphon Split
The split will become effective at 5:00 p.m. Eastern Time on September 2, 2025. After that point, the stock will trade on a split-adjusted basis under the ticker “ABTC” with a new CUSIP number.
The change will not alter the company’s market value or stockholders’ proportional ownership. Fractional shares will not be issued. Instead, holders entitled to fractions will receive an additional share to round up their holdings.
The adjustment also applies to outstanding equity awards and warrants. The number of shares tied to these instruments will be reduced in line with the new ratio. The split will therefore simplify Gryphon’s share structure while preserving the rights of investors.
Upon completion of the merger, Gryphon will officially rebrand as American Bitcoin. The combined business will focus on industrial-scale Bitcoin mining and strategic reserve management.
American Bitcoin Gains Strength From Merger
American Bitcoin brings resources and operational depth. As a subsidiary of Hut 8 Corp., it benefits from proven infrastructure and capital allocation strategies. The merger also integrates broader commercial expertise and strengthens market positioning in the competitive mining industry.
This step positions the company to scale operations more effectively. With larger mining capacity and efficient cost structures, American Bitcoin aims to solidify its standing in the globa l Bitcoin ecosystem.
Stockholders do not need to take action if they hold shares in electronic form. Those with certificated shares will receive instructions from the company’s transfer agent. Shares held through brokers will automatically adjust to reflect the split.
The merger and restructuring represent an ambitious move for Gryphon as it seeks long-term growth. By joining forces with American Bitcoin, the company looks to strengthen its future in a rapidly evolving digital asset market.
Related Reading: Bitcoin on the Edge: Break Through $115K or Risk a Sharp Breakdown?
