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Eric Trump's bitcoin mining venture to go public

American Bitcoin, a bitcoin mining firm co-founded by Eric Trump, will go public through a stock-for-stock merger with Gryphon Digital Mining in 2025.
The merger follows earlier consolidations involving Hut 8 Corp., which majority owns American Bitcoin and contributed mining infrastructure to the combined firm.
The combined company will retain the American Bitcoin name, trade on Nasdaq as ABTC, and American Bitcoin shareholders, including Trump's sons, are expected to own about 98% of stock.
Asher Genoot, CEO of Hut 8, stated that the transaction advances the growth of American Bitcoin as a specialized entity focused on efficient and cost-effective Bitcoin acquisition, while enabling access to growth funding that does not impact Hut 8’s balance sheet.
The public listing marks an expansion of the Trump family's crypto ventures amid mounting Democratic opposition and concerns about conflicts of interest surrounding their digital asset activities.

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American Bitcoin, the cryptocurrency mining company, founded by Eric Trump, will go to the stock exchange

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