A significant shift is underway in public Bitcoin mining, as American Bitcoin and Gryphon Digital Mining merge in a stock-for-stock transaction. Gryphon acquires, taking ownership of the combined company. 200% pre-market trading gains have been seen for Gryphon stockholders following the announcement, reflecting the value placed on this merger. Eric Trump, co-founder of American Bitcoin, brings his expertise to this newly merged entity with Hut 8 Corp. as a majority owner. American Bitcoin stockholders now hold 98% of the combined company through this acquisition. This merger signifies a move towards greater consolidation and efficiency within the public Bitcoin mining market. Gryphon’s CEO Steve Gutterman sees this combination as entering a new era for public Bitcoin mining, offering investors a chance to participate in the future. Gryphon shares surged by 200% in pre-market trading, showcasing investor excitement for the merger. The combined entity intends to leverage its existing infrastructure to scale Bitcoin reserve operations and achieve greater market share. This strategic move aligns with industry trends of traditional business figures entering the crypto sector and promises innovation through improved mining techniques.