American Bitcoin Corp. to Go Public via Gryphon Digital Mining Merger by 2025

American Bitcoin Corp., a cryptocurrency mining company backed by Eric Trump, has revealed its plans to go public through a merger with Gryphon Digital Mining. The merger, expected to be finalized by the third quarter of 2025, will result in the combined company operating under the name American Bitcoin and trading under the ticker “ABTC” on the Nasdaq. Eric Trump, co-founder and chief strategy officer of American Bitcoin, expressed the company's vision to create the most investable Bitcoin accumulation platform in the market.

Gryphon Digital Mining, a U.S.-based company focused on Bitcoin mining and artificial intelligence, will merge with American Bitcoin. The current shareholders of American Bitcoin, including Eric Trump and Donald Trump Jr., are expected to own approximately 98% of the combined entity. The leadership team from American Bitcoin will continue to lead the business post-merger.

The Trump family's involvement in cryptocurrency has been expanding, with projects like World Liberty Financial and memecoins such as TRUMP and MELANIA. The latest move into large-scale Bitcoin mining and building strategic Bitcoin reserves demonstrates their growing interest in the crypto space. Hut 8 Corp., which partnered with Eric Trump to launch American Bitcoin earlier this year, aims to build the world’s largest, most efficient pure-play Bitcoin miner and a strong Strategic Bitcoin Reserve. The merger is expected to unlock capital for further growth while maintaining strong finances, providing investors with the opportunity to profit from Bitcoin’s long-term potential.

Eric Trump and Donald Trump Jr. are also investors in American Data Centers, a project by Dominari Holdings aimed at creating computing systems for the AI industry. Eric Trump serves on the advisory board of Dominari Holdings. Despite the Trump family's increasing involvement in crypto, there are growing criticisms and concerns about potential conflicts of interest, regulatory challenges, and ethical issues.

The merger with Gryphon Digital Mining is part of a broader strategy to build a scalable Bitcoin mining operation. The combined company will leverage the strengths of both entities to achieve low-cost Bitcoin accumulation at scale. This move is expected to enhance American Bitcoin's competitive position in the cryptocurrency mining industry and provide shareholders with long-term exposure to Bitcoin's potential upside. The transaction is seen as a strategic step towards scaling American Bitcoin's operations and enhancing its market presence, with the company's leadership committed to becoming a leading player in the Bitcoin mining industry.