The Trump-affiliated American Bitcoin Corp. is advancing towards a Nasdaq debut by merging with Gryphon Digital Mining under the ticker symbol “ABTC” in Q3 2025.
The merger will make Gryphon a subsidiary with American Bitcoin Corp. as the parent company, holding 98% ownership while Gryphon shareholders will have 2% ownership.
Backed by Eric Trump and Donald Trump Jr., American Bitcoin Corp. aims to streamline Bitcoin mining operations by leveraging strategic partnerships and an asset-light model.
The merger aims to dominate the public Bitcoin mining sector by capital-efficient operations and to access public markets for Gryphon, enhancing its scale and presence within the Bitcoin ecosystem.