- American Bitcoin plans to trade on Nasdaq with Trump family support.
- The merger with Gryphon Digital Mining requires shareholder approval.
- The company is among the largest public Bitcoin miners in the U.S.
American Bitcoin, supported by Eric Trump and Donald Trump Jr., is set to list on Nasdaq as ABTC in September 2025, following its merger with Gryphon Digital Mining.
The listing positions American Bitcoin as a major U.S. Bitcoin miner, highlighting significant insider ownership, boosting market visibility and potentially influencing Bitcoin’s presence in public equity markets.
American Bitcoin, supported by Eric Trump and Donald Trump Jr., gears up for a Nasdaq listing in September 2025. This emergence stems from an all-stock merger with Gryphon Digital Mining.
Eric Trump, Donald Trump Jr., and Canadian firm Hut 8 are key backers. The Trump family and Hut 8 will control 98% of the entity, reinforcing the brand as a significant U.S. mining company. According to Asher Genoot, CEO of Hut 8, “We thought that there was a lot more advantages to financing if we had an existing company that already had access to different financing too.”
The merger could substantially impact the Bitcoin mining sector by consolidating two prominent players. It aims to attract public equity investment into Bitcoin infrastructure under the ticker ABTC. The consolidation suggests potential shifts in U.S. Bitcoin mining dynamics, driven by high-profile support. The Nasdaq listing could enhance industry exposure, amid ongoing discussions about regulatory frameworks.
With Nasdaq merging experiences from similar industry players like Riot and Marathon, American Bitcoin may shape conversations about political involvement in mining infrastructure. This new listing aligns with existing market trends without directly influencing Bitcoin prices.
