Trump's American Bitcoin Mining Company to Officially Go Public
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. Source: KGUN 9 Also Read: Eric Trump Says Banks Against Crypto Will ‘Be Extinct in 10 Years’ 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 befo...