Gryphon Digital Mining’s stock has experienced a dramatic surge in value, reaching a new high ahead of its merger with Trump-linked American Bitcoin in September. Since the May announcement, Gryphon’s shares have increased by an astounding 231%, and on August 28th alone, they jumped 42.15% to reach $1.75 from $1.35 according to Google Finance. This merger will be conducted through an all-stock deal, with the new company retaining the name American Bitcoin. Founders Eric Trump and Donald Trump Jr., along with Hut 8, will collectively hold a significant 98% of the combined entity. Hut 8 CEO Asher Genoot confirmed to Reuters that this merger is anticipated to finalize soon, with trading expected to commence in early September.