Gryphon Digital Mining is set to merge with American Bitcoin, a subsidiary of Hut 8, and will be rebranded as American Bitcoin. The company will also undergo a 5-for-1 reverse stock split to meet the listing requirements for the Nasdaq stock exchange, with trading set to begin on September 2, 2025. According to CEO Asher Genoot, this move will not affect the company’s market capitalization or proportional ownership interests of stockholders.
This strategic merger is gaining significant attention due to the notable involvement of the Trump family, who have secured a 20% stake in the newly formed company. This development is expected to influence investor sentiment and market dynamics within the Bitcoin mining sector. The merger will allow Hut 8 to consolidate with Gryphon’s assets, strengthening its position in the market.
August 2025, Cryptoniteuae
