American Bitcoin Corp. plans to merge with Gryphon Digital Mining, leading to a Nasdaq listing under ‘ABTC’ by Q3 2025, directed by American Bitcoin’s team, including Eric Trump.

The merger influences the U.S. Bitcoin mining landscape, positioning the new entity to control a significant portion of the Bitcoin hashrate with a focus on high-efficiency operations.

American Bitcoin and Gryphon to Merge, Listing on Nasdaq

Gryphon Digital Mining, Investor Relations, “American Bitcoin has entered into a definitive merger agreement with Gryphon pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction. Upon closing, the combined company will operate under the American Bitcoin brand, led by the management and board of directors of American Bitcoin. The combined company is expected to trade on Nasdaq under the ticker symbol ‘ABTC,’ with the Transaction targeted to close as early as Q3 2025.”

The Impact of the Merger

The merger affects the crypto-mining sector significantly, indicating a reshaping of market dynamics. This consolidation is among the largest in the U.S. mining industry, valued at over $350 million.

Projected to control 15% of the U.S. Bitcoin hashrate, the merged company will invest heavily in high-efficiency mining operations. This strategic move enhances operational efficiency and global competitiveness within the Bitcoin mining market.

Industry Trends Reflected in the Merger

The merger aligns with industry trends, reflecting patterns witnessed during past sector consolidations. Enhanced market share and institutional interest are expected outcomes.

Experts believe the merger could stimulate institutional interest in Bitcoin mining stocks, akin to historical precedents set by industry giants. The decision could echo through the financial landscape, promoting broader growth and investor confidence. For more insights, visit the SEC’s official cryptocurrency resources.