American Bitcoin Merges with Gryphon Digital Mining, Plans Nasdaq Debut as ABTC

American Bitcoin, backed by the Trump family and Hut 8, completes its merger with Gryphon Digital Mining and will list on Nasdaq as ABTC on September 2, 2025. The merger highlights significant financial interests in Bitcoin mining and potentially impacts market dynamics, underlining institutional support amid a shifting crypto regulatory landscape.

American Bitcoin, a venture backed by the Trump family and Hut 8, has successfully merged with Gryphon Digital Mining. The combined entity, now known as ABTC, plans to list on the Nasdaq on September 2, 2025. This strategic consolidation highlights significant financial interests in Bitcoin mining and has the potential to impact market dynamics, underscoring institutional support amid a shifting crypto regulatory landscape.

The merger involves a stock-for-stock consolidation, where shareholders of Gryphon Digital Mining approved a reverse 5-for-1 split. This split will reduce the number of outstanding shares from approximately 82.8 million to about 16.6 million. The combined entity will adopt the American Bitcoin name and trade under the ticker ABTC on Nasdaq [1].

The strategic rationale behind the merger is to leverage Gryphon’s low-cost mining infrastructure with American Bitcoin’s BTC accumulation strategy. This move offers scale, a clearer public-company pathway for American Bitcoin, and potential efficiencies from combining operations. The merger is seen as a fast track for American Bitcoin to access public markets without a standalone IPO [1].

Post-merger, American Bitcoin will retain 98% ownership by Hut 8 and the Trump family, leveraging Gryphon’s $5 billion mixed securities filing to accelerate Bitcoin treasury accumulation. The company’s AI-driven high-performance computing (HPC) infrastructure and low-cost structure of $37,000 per Bitcoin are expected to provide a competitive edge [2].

The merger reflects broader sector consolidation trends, where firms seek economies of scale, regulatory clarity, and access to public market liquidity to attract institutional capital. This trend is reshaping institutional adoption and regulatory dynamics in the Bitcoin mining sector [2].

Investors should monitor the regulatory filings, the completion of the reverse split, and the disclosed BTC balances for confirmation before the Nasdaq debut. The market reaction to the merger was initially volatile, with Gryphon’s shares rallying sharply on initial merger news before retracing. Trading volume spiked to nearly three times the daily average, reflecting heightened investor interest and repositioning [1].

The combined entity, ABTC, will have a significant impact on the Bitcoin mining sector. Its operational resilience, political alignment, and access to capital position it as a compelling case study in strategic consolidation. As the U.S. Bitcoin mining landscape evolves, ABTC’s success could set a precedent for future mergers, reshaping the industry’s trajectory in 2025 and beyond [2].

References:
[1] https://en.coinotag.com/gryphon-shareholders-approve-merger-with-trump-linked-american-bitcoin-may-pave-way-for-nasdaq-debut-as-abtc/
[2] https://www.ainvest.com/news/strategic-consolidation-bitcoin-mining-sector-gryphon-american-bitcoin-merger-institutional-implications-2508/