American Bitcoin, a Bitcoin Mining company supported by the Trump family, is expected to list in September.

## Nasdaq listing planned for "ABTC"

On August 7, shareholders of Gryphon Digital Mining (GRYP) began voting on a merger proposal with Hat8 subsidiary American Bitcoin. Subject to shareholder approval, the transaction is expected to be completed in early September, and post-merger, American Bitcoin plans to be listed on the Nasdaq market as "ABTC."

The parent company Hut 8 Corporation specializes in AI data centers, high-performance computing, and energy infrastructure. It utilizes its data center network for AI and machine learning workloads, and the Bitcoin mining business has been transferred to its subsidiary American Bitcoin.

American Bitcoin is a company established in March as a joint venture between Hut 8 (80% investment) and American Data Centers (20% investment), supported by Eric Trump and Donald Trump Jr. Eric serves as the Chief Strategy Officer, aiming for strategic Bitcoin accumulation through mining operations and Bitcoin holdings.

The company completed a funding round of $220 million in July, with approximately $10 million worth of shares sold in Bitcoin. The raised funds are allocated for the purchase of Bitcoin and mining equipment, and as of May 31, they hold 215 BTC.

In the new company after the merger, existing shareholders Eric Trump, Donald Trump Jr., and HUT 8 are expected to hold about 98% of the shares. They plan to adopt a Bitcoin treasury strategy modeled after Michael Saylor's strategy and aim for vertical integration with energy data center infrastructure companies in the long term.

This merger is attracting attention as the first large-scale mining company listing backed by support for the cryptocurrency industry under the Trump administration, and the acceleration of Bitcoin mining business growth in the United States is anticipated.