Gryphon Digital, Hut 8 Merge, Trump Family In; American Bitcoin IPO in the Works

American Bitcoin is taking shape following a merger between Gryphon Digital and Hut 8’s subsidiary, Gryphon Digital Mining. This 5-for-1 reverse stock split will transform the company into a Nasdaq listed entity trading under the ‘American Bitcoin’ brand. The move, with the Trump family holding a significant 20% stake, brings attention to strategic partnerships within the Bitcoin mining sector.