Eric Trump’s Bitcoin Startup Takes Over Public Mining Firm

A new partnership between Eric Trump-linked startup American Bitcoin Corp. and Gryphon Digital Mining Inc. is poised to revolutionize the cryptocurrency mining industry. The companies announced a stock-for-stock merger, merging into a publicly listed entity known as American Bitcoin under the Nasdaq ticker symbol ‘ABTC’. This strategic move aims to expedite American Bitcoin’s entry into the public markets and significantly scale its Bitcoin mining operations. The deal marks a significant milestone in the institutionalization of Bitcoin mining.