Bitcoin News Today: Gryphon and American Bitcoin Merger Heads to Shareholder Vote on August 27

Gryphon Digital Mining shareholders have initiated the voting process for its proposed stock-for-stock merger with American Bitcoin, a subsidiary of Hut 8 Mining Corp, ahead of a special meeting scheduled for August 27, 2025. The merger, announced on May 12, 2025, is part of a go-public transaction that will see the combined entity listed on the Nasdaq under the ticker symbol ABTC. This move marks a strategic step for American Bitcoin to strengthen its position in the digital mining industry and access public market capital for future growth and operational scaling [1].

Hut 8 will retain a controlling 98% ownership in the new entity, with Gryphon shareholders holding the remaining 2%. This structure reflects Hut 8’s intent to consolidate its digital mining operations while allowing Gryphon shareholders a stake in the future performance of the newly listed company. Gryphon’s board of directors has unanimously endorsed the merger, highlighting its belief in the strategic and financial benefits of the transaction [2]. The merger is expected to streamline operations, enhance infrastructure, and better position the combined entity to meet growing market demands.

The shareholder vote is a pivotal milestone in the regulatory and approval process. The merger is anticipated to be finalized in early September 2025, pending the outcome of the vote and the completion of regulatory filings. If approved, the next steps will involve submitting the necessary documentation and preparing for the Nasdaq listing under the ABTC ticker. The go-public transaction aligns with broader industry trends of digital mining firms seeking public listings to boost liquidity and investor confidence [1].

The strategic alignment between the two companies suggests a unified vision for long-term growth in the digital asset space. Hut 8’s existing infrastructure and operational expertise, combined with Gryphon’s market presence, are expected to create a more robust platform for digital mining. The merger’s progression reflects careful coordination and strategic planning, positioning the combined entity for a clearer path toward public trading and operational expansion [3].

The development underscores the ongoing evolution of the digital mining sector, where consolidation and access to public capital are becoming increasingly important for sustaining competitive advantage. With the shareholder vote underway and the board’s full support, the merger is on track to be completed within the projected timeline. The market will be closely watching the final vote results and the subsequent performance of the ABTC ticker following the listing.