Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Gryphon To Merge With Eric Trump’s American Bitcoin
By: bitcoin ethereum news|2025/05/13 02:15:04
0
Share
Bitcoin mining firm Gryphon Digital Mining has announced a definitive agreement to merge with American Bitcoin Corp. in a stock-for-stock transaction, forming a new public company under the American Bitcoin name. The deal is expected to close by Q3 2025 and will result in Gryphon shareholders holding approximately 2% of the merged entity, with the remaining 98% owned by American Bitcoin stakeholders. The combined company said it aims to become the most efficient Bitcoin mining firm in the world, bolstered by a strategic reserve strategy and low-cost energy infrastructure. Following the close, the new company is expected to trade on Nasdaq under the ticker symbol “ABTC.” “The Gryphon team is pleased to offer our stockholders the opportunity to participate in what we believe will be the next era of public Bitcoin mining through this combination,” said Steve Gutterman, CEO of Gryphon. “American Bitcoin brings together an outstanding leadership team and a clear strategy to build a premier institution in this fast-evolving industry.” American Bitcoin was launched earlier this year by Hut 8 Corp. (NASDAQ: HUT) in partnership with Eric Trump, positioning itself as a cornerstone of American Bitcoin infrastructure development. It focuses on large-scale mining and accumulating Bitcoin reserves at scale. “Taking American Bitcoin public is a critical step toward scaling the business at the pace and magnitude we envision,” said Asher Genoot, Board Member of American Bitcoin and CEO of Hut 8. “Time-to-market was a critical factor, and this transaction enables an efficient path to public markets by combining with an entity that is structurally aligned with American Bitcoin’s mining-focused launch strategy.” The merger is contingent on various approvals, including Gryphon stockholder consent, and the companies expect the process to wrap by the third quarter of 2025. “We are excited to be a part of the American Bitcoin story and to join Asher and the team that we believe will define the future of public Bitcoin investment,” added Gutterman. Once finalized, the new company will continue leveraging Gryphon’s mining innovation alongside American Bitcoin’s capital and strategic reserve ambitions—positioning the combined company as a notable player in the North American Bitcoin mining industry. Source: https://bitcoinmagazine.com/news/gryphon-to-merge-with-eric-trumps-american-bitcoin
You may also like
Uniswap is trapped in an innovation dilemma
The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...
What is the key to competition in crypto banking?
Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.
The flow of stablecoins and the spillover effects in the foreign exchange market
Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...
After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut
The regulated entity is set to launch a stablecoin in the first half of this year.
The person who helped TAO rise by 90% has now single-handedly crashed the price again today
As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.
3-Minute Guide to Participating in the SpaceX IPO on Bitget
Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.
Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis
Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.
How to Earn $15,000 with Idle USDT Before Altcoin Season 2026
Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.
Can You Win Joker Returns Without Large Trading Volume? 5 Mistakes New Players Make In WEEX Joker Returns Season 2
Can small traders win WEEX Joker Returns 2026 without huge volume? Yes—if you avoid these 5 costly mistakes. Learn how to maximize card draws, use Jokers wisely, and turn small deposits into 15,000 USDT rewards.
Altcoin Season 2026: 4 Stages to Profit (Before the Crowd FOMO In)
Altcoin Season 2026 is starting — discover the 4 key stages of capital rotation (from ETH to PEPE) and how to position before the peak. Learn which tokens will lead each phase and avoid missing the rally.
Will Alt season come in 2026? 5 Tips to Spot the Next 100x Crypto Opportunities
Will altcoin season arrive in 2026? Discover 5 rotation stages, early signals smart traders watch, and the key crypto sectors where the next 100x altcoin opportunities may emerge.
The bear market has arrived, and cryptocurrency ETF issuers are also getting involved
Today's listing of MSBT is the latest landmark in this restructuring, with the influx of institutions accelerating the embrace of cryptocurrencies by traditional finance, but also diluting the liquidity of the native market.
The richest man had a quarrel with his former boss
It has become a huge uproar, as several top figures in the Chinese cryptocurrency circle have engaged in intense verbal battles and confrontations in the past 24 hours.
BTC Firm Above 70K! Saylor’s "Institutional Logic" vs. Moon’s "Retail Faith": Who is Really Harvesting the Market?
Bitcoin is holding firm above the $70,000 support level following a massive short squeeze that liquidated $427 million. As the "Four-Year Cycle" narrative shifts, the market is split: Michael Saylor’s cold, institutional "indiscriminate stacking" vs. Carl Moon’s high-energy retail "hopium." This article decodes these two polar-opposite strategies for the 2026 bull run and reveals how WEEX’s institutional-grade liquidity and AI trading tools empower every type of investor to convert market volatility into profit.
The Girl Who Created the SBTI Test: A Story of a Doomed Cyber Love, an E-Widow Ratfolk
The usefulness of the useless is the highest usefulness.
B.AI Officially Launched: Building AI Agent Financial Bedrock Platform, Driving AGI Era Business Underlying Logic
B.AI has built a complete ecosystem from the AI Service Gateway to the AI Agent Financial Base: The LLM permissionless gateway integrates top global models and a unified API in one stop; The AI Agent infrastructure, through protocols such as x402 and 8004, empowers the AI Agent with an independent wallet and autonomous transactions.
B.AI Officially Launched: Breaking Down A2A Collaboration Barriers to Unlock the Smart Body Economy's Full Potential
With its Multi-Model Intelligent Routing breaking the compute bottleneck on one hand, and the integration of x402, 8004, Skills, and BAIClaw on the other hand, B.AI has seamlessly connected the full-stack business loop of AI Agents from large-scale intelligent scheduling to financial operational capability, accelerating the arrival of the AGI era.
We helped Xu Mingxing write a book called "<OK Life>".
That was a small-town youth who had lost three times, lost 2 million yuan selling a Beijing apartment, always felt like he was about to be spit out by Beijing, and on the screen, encountered something that was said to be unclaimable by anyone.
Uniswap is trapped in an innovation dilemma
The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...
What is the key to competition in crypto banking?
Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.
The flow of stablecoins and the spillover effects in the foreign exchange market
Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...
After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut
The regulated entity is set to launch a stablecoin in the first half of this year.
The person who helped TAO rise by 90% has now single-handedly crashed the price again today
As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.
3-Minute Guide to Participating in the SpaceX IPO on Bitget
Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.
App