Bitcoin mining company American Bitcoin is set for a public debut through a merger with Gryphon Digital Mining, Inc. The deal, structured as a stock-for-stock transaction, will see Gryphon acquire the company and operate under the American Bitcoin brand post-merger. 2025’s third quarter is expected to mark the official close of the merger. 98% of shares in the newly merged entity are expected to be held by current American Bitcoin shareholders, while 2% are set for Gryphon holders. Hut 8 will remain a major player after the merger, serving as the exclusive infrastructure and operations partner. This strategic partnership promises long-term revenue streams for Hut 8’s power and digital infrastructure divisions. Asher Genoot, CEO of Hut 8, highlighted that this move facilitates American Bitcoin’s rapid growth by providing direct access to dedicated funding and maintaining its shareholders’ exposure to potential Bitcoin gains. The merger follows the March launch of American Bitcoin as a joint venture between Hut 8 and American Data Centers. The company aimed to create the world’s largest, most efficient pure-play BTC miner, with Eric Trump joining as co-founder and Chief Strategy Officer after the rebranding. This announcement adds another significant step to the family’s growing presence in the cryptocurrency industry. They have already invested in a stablecoin project (World Liberty Financial), are developing ETFs with Crypto.com, and launched their own meme coins: Official Trump (TRUMP) and Melania Meme (MELANIA).