In what is a major development for the industry and the firm itself, the Trump family Bitcoin mining company, named American Bitcoin, is officially set to go public. Indeed, the subsidiary of Hut 8 Corp. and the Trump-led American Data Centers have signed a merger agreement with Gryphon Digital Mining Inc. that will see it go public, according to a press release.
The transaction is a stock-for-stock move that is predicted to close in Q3 of 2025. Although it is still pending on the basis of regulatory and shareholder approval, the move is expected to pass. Following the merger, American Bitcoin shareholders will hold 98% of the merged company, with the other 3% going to Gryphon shareholders under the American Bitcoin brand.
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The Trump-led American Bitcoin Signs New Merger as It Goes Public
Since his return to the White House, US President Donald Trump has embraced cryptocurrencies like never before. Indeed, he has facilitated the arrival of the first pro-crypto administration in the history of the nation. Moreover, this has allowed the industry to thrive, with a plethora of companies looking to get ahead of the growth.
That crypto-focus does not end with Donald Trump alone. That charge extends to the Trump empire and is being upheld by his children outside of the confines of the Oval Office. Subsequently, that continued today, when the Trump-American Bitcoin mining company was set to officially go public.
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The brand received investment from both Erica Trump and Donald Trump Jr. this year. Now, they are set to take a major step forward. Both BTC mining and the Trump investment are poised for a boost following its Gryphon merger. Altogether, it strengthens the brand and visibility of the American Bitcoin company.
“This transaction marks the next step in scaling American Bitcoin as a purpose-built vehicle for low-cost Bitcoin accumulation at scale,” Hut 8 CEO Asher Genoot said. “By taking American Bitcoin public, we expect to unlock direct access to dedicated growth capital,” Genoot added. With the Trump name connected to it, it should continue to surge in value. Moreover, Bitcoin’s recent surge proves there may be no better time to go public than now.
