American Bitcoin to Go Public via Merger with Gryphon Digital Mining
- American Bitcoin will merge with Nasdaq-listed Gryphon Digital Mining.
- The merger is expected to close by Q3 2025, pending approvals.
- Post-merger, the company will trade under the ticker “ABTC.”
- Hut 8 retains a majority stake and remains the exclusive infrastructure partner.
- Existing American Bitcoin stockholders will retain about 98% ownership.
The merger between American Bitcoin and Gryphon Digital Mining aims to enhance market access and scale operations. Hut 8 will maintain its majority stake and infrastructure partnership, while existing shareholders keep significant ownership in the new entity.
Source (2.6)https://cryptobriefing.com/american-bitcoin-merger-gryphon/?rand=59535
