Bitcoin News Today: Eric Trump's $350M Merger Boosts Bitcoin Mining Hashrate to 15% of U.S. Capacity

Eric Trump, son of the former U.S. president, is set to strengthen his presence in the Bitcoin mining industry through the merger of his firm, American Bitcoin Corp., with Gryphon Digital Mining Inc. The newly formed entity will retain the name American Bitcoin and is expected to trade under the ticker ABTC on the Nasdaq [1]. This consolidation involves the conversion of Trump’s stake in American Bitcoin into approximately 367 million new shares of Gryphon, valued at an estimated $367 million based on Gryphon’s pre-announcement stock price [2].

The $350 million merger is expected to bring together Gryphon’s mining infrastructure and American Bitcoin’s operational assets, creating a company with a combined hashrate estimated to represent over 15% of the U.S. Bitcoin mining capacity [3]. This strategic consolidation aims to enhance computing power and operational efficiency, positioning the merged entity as one of the top players in the U.S. market and potentially among global leaders in the sector [4]. Analysts suggest that the move aligns with a broader trend of industry consolidation, which is helping companies reduce costs and improve scalability amid a rapidly evolving regulatory and competitive landscape [5].

The merger also highlights the increasing institutional interest in Bitcoin mining. With a projected market capitalization exceeding $700 million post-merger, the combined entity is expected to be one of the largest publicly listed Bitcoin mining firms in the U.S. [6]. Institutional backing and technological upgrades are seen as key factors in the firm’s ability to navigate regulatory challenges and market fluctuations.

The deal has drawn attention due to Trump’s high-profile involvement, which could attract both capital and regulatory scrutiny. The U.S. SEC has previously warned about market concentration and speculative practices in the crypto space, particularly when high-profile individuals are involved [7]. Experts suggest that the merger could accelerate regulatory alignment as the company leverages institutional support to scale operations and meet compliance standards [8].

Market observers are also watching how this merger might influence other firms in the industry, as the trend toward consolidation continues. The Nasdaq, which will list the new entity, is closely monitoring developments, as the inclusion of a prominent mining firm could reshape investor behavior and competition in the sector [9]. The merger is expected to be finalized by the end of 2025, pending regulatory approval, marking a pivotal step in the evolution of the U.S. Bitcoin mining market.

Source:

[1] https://finance.yahoo.com/news/eric-trump-stake-bitcoin-miner-155254041.html

[2] https://www.bloomberg.com/news/articles/2025-07-31/eric-trump-s-stake-in-bitcoin-miner-may-be-worth-367-million

[3] https://www.ainvest.com/news/bitcoin-news-today-eric-trump-hold-367m-stake-gryphon-post-merger-american-bitcoin-2508/

[4] https://www.wired.com/story/the-inside-story-of-eric-trumps-american-bitcoin/

[5] https://en.cryptonomist.ch/2025/07/31/eric-trump-launches-the-challenge-to-crypto-mining-and-bitcoin-350-million-merger-and-debut-on-nasdaq/

[6] https://www.cryptopolitan.com/eric-trump-american-bitcoin-stake-367m/

[8] https://www.nytimes.com