Gryphon Digital Mining stock has surged by over 230% in anticipation of its merger with American Bitcoin, backed by prominent figures like Eric and Donald Trump Jr., expected to be completed in September. This move aims to create a major publicly traded Bitcoin mining entity under the Nasdaq ticker ABTC, set to significantly impact market dynamics and cryptocurrency pricing, particularly for Bitcoin. 🤝 Gryphon’s stock has soared after news of this planned merger, jumping by a substantial 42.1% on August 28 alone. 📈 The anticipated merger will likely enhance Bitcoin mining infrastructure and influence Bitcoin network security as key industry figures come together to drive investments and equipment acquisitions. 💼 Experts predict significant market valuations for the merged entity, which will be listed for trading in September. This news has created excitement within the cryptosphere, with historical trends suggesting similar mergers like that of Riot Blockchain could lead to increased stock valuations and heightened Bitcoin network activity.